Is there an portfolio reconciliation function?

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henryh2020
henryh2020 Member ✭
in Investing (Windows)
I have a 401k account through fidelity I wasnt dilligent about updating in quicken for several years, now I am going through and cleaning everything up. Is there a way to manually tell quicken what the # of shares should be for each security and have it reconcile similar to how it does banking accounts? If not what is the recommended method for fixing my issue?

Thank you!

Answers

  • Tom Young
    Tom Young SuperUser ✭✭✭✭✭
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    "Is there a way to manually tell quicken what the # of shares should be for each security..."
    The Adjust Shares action would be a way to do that:

  • Jim_Harman
    Jim_Harman SuperUser ✭✭✭✭✭
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    If you don't intend to go back later on and enter the actual transactions, you may want to follow the advice in the Note at the end of this dialog and use Update Share Balance from the gear menu instead.

    This will create Add and Remove transactions instead of Placeholders.
    QWin Premier subscription
  • Bob_L
    Bob_L SuperUser ✭✭✭✭✭
    edited December 2020
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    Assuming you are downloading, with the 401k open you can also go to Tools, online center, holdings, and compare to portfolio button to identify what your security holdings should be compared to the FI.  Then use the approach above.

    Quicken Business & Personal Subscription, Windows 11 Home

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