How can I use tags in Fidelity Cash Management account
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steveweick
Member ✭
This account is incorrectly categorized as an investment account. I want to use tags to track what financial instrument is being used to make a payment.
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Best Answer
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It is CORRECTLY categorized as an investment account. Fidelity is an investment company, not a bank, and Fidelity can ONLY have investment accounts.HOWEVER, there's a workaround. Do TOOLS, Account List and click EDIT next to the name of your taxable Fidelity account, then click "Show Cash in a checking account".This will cause a checking type account to be created that holds all of the cash transactions from your taxable brokerage account.While this new account doesn't really exist, you can reconcile it and use tags just as if it were really a checking account.In my Q, this is my primary checking account.
Q user since February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
Retired "Certified Information Systems Auditor" & Bank Audit VP0
Answers
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It is CORRECTLY categorized as an investment account. Fidelity is an investment company, not a bank, and Fidelity can ONLY have investment accounts.HOWEVER, there's a workaround. Do TOOLS, Account List and click EDIT next to the name of your taxable Fidelity account, then click "Show Cash in a checking account".This will cause a checking type account to be created that holds all of the cash transactions from your taxable brokerage account.While this new account doesn't really exist, you can reconcile it and use tags just as if it were really a checking account.In my Q, this is my primary checking account.
Q user since February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
Retired "Certified Information Systems Auditor" & Bank Audit VP0 -
Exactly right. Many thanks, problem solved.0
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I Guss Quicken Mac users are left out of the party again, option not available to us.0
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