I find quicken consistently is out of sync with my brokerages especially on short positions and options. Is it only meant for banking? Following are really bugs and am scared of synching:
- Balances: Some brokerages withhold margin requirements into a seperate category. This is especially those requirements like short options. For example if my balance is 1000 and I short options for 100, my balance is 1100. But if there is a margin requirement where the short is not covered by a long equity position, they remove say 500 in margin account leading to actual cash balance of 600 and a margin placeholder of 500. Quicken incorrectly shows 600.
- Transactions: Almost always the covered calls is out of sych. Either the expired contracts are not removed or the assignment is not handled leading to incorrect positions.
I have been manually adjusting for few months. But its getting laborious now and I am thinking of discontinuing the subscription.
