Negative Cash Amount in SEP IRA Account

Answers

• Tom Young SuperUser ✭✭✭✭✭

  December 2019

  "I cannot figure out where this amount came from."

  
  

  The Account has a "Cash Bal" column and it keeps a running total and the running total is reflected "Cash Balance" down in the lower right hand corner of the screen as well as the "Holdings" window.  Are you saying that the running balance in the Cash Bal column in one figure, e.g., $159.75, but the Holding window and/or the Cash Balance reported right below the transaction list is different?
  

  
  

  
  

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• Jim_Harman SuperUser ✭✭✭✭✭

  December 2019 Accepted Answer

  Go to the account and click on Holdings. Use the "As of" date to go backwards in time until the negative balance first appears then look in the transaction list to see what happened on that date. 
  
  Often a negative balance will occur if you entered a Buy transaction without a corresponding Xin or Deposit to provide the cash for the purchase.
  
  Also to avoid confusion, make sure there are no Placeholders in the account. Go to Edit > Preferences > Investment Transactions and make sure "Show hidden transactrions" is selected.

  -- Jim QWin Premier subscription

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• Mammondee Member ✭✭

  December 2019

  Are you saying that the running balance in the Cash Bal column in one figure, e.g., $159.75, but the Holding window and/or the Cash Balance reported right below the transaction list is different?
  
  The Cash Bal column is $0.00, which is correct. There is no cash in this particular SEP-IRA investment account. The "Total Market Value" is short by $2,885. The only place I see this amount is when I click on the Holdings tab which shows the negative cash of $-2,885

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• Mammondee Member ✭✭

  December 2019

  Jim Harman.....your explanation is exactly what I needed. Thank you so much for your quick and thorough answer.

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