How to use Money Market as a cash account

I have several investment accounts where the “cash” account is a money market account. When I buy a stock Quicken sees it as a sale of the money market account and wants to record proceeds “to this account’s cash balance.” Of course, this should be a deduction from the money market account since I purchased a stock.

This results in false balances in the money market and the non-existing “cash” account. This must be a common problem, so how do you all handle this? I know that I can create an affiliated cash account and use the money market account for that, but I already have a lot of investment accounts and this will make it confusing.

I use Quicken 2020 Home, Business, and Rental Property

Best Answers


  • Mark256
    Mark256 Member ✭✭
    Jim and Not CPA thanks, I would not have figured that out. You are geniuses.
  • Rich_M
    Rich_M SuperUser ✭✭✭✭✭
    @Jim_Harman My Fidelity accounts technically keep cash in a core MMF, however they never properly transmit the necessary buy/sell transactions to Quicken to keep the core fund in balance in my register.

    As a result, to simplify things, I have always shown my core fund as cash, this works fine for me.
    Quicken 2017 Premier - Windows 10 Pro
  • Rick56
    Rick56 Member ✭✭✭
    edited November 2020
    Sure would be easier if Quicken allowed the stock purchase to come directly from the money market accounts instead of entering an additional transaction manipulating between money market and cash accounts for each purchase.