Investment Transactions. What's the difference between xout, writechk, and withdraw?

kengo
kengo Quicken Windows Subscription Member ✭✭
in Registers & Transactions (Windows)
When transferring money from an investment [brokerage] account to a bank [checking] account, is the accounting and/or reporting handled differently for these 3 transaction types?

xout (transferred cash out)

writechk (write check)

withdraw (make a withdrawal)

Answers

  • q_lurker
    q_lurker Quicken Windows Subscription SuperUser ✭✭✭✭✭
    There can be some subtleties with regard to Payees, but fundamentally, I don't know of any real differences among the three.   
  • Tom Young
    Tom Young Quicken Windows Subscription SuperUser ✭✭✭✭✭
    That accounting entry would be exactly the same using any of the Actions you've listed. 
    There are small programmatic subtleties associated with each action, e.g., selecting WriteChk creates a "Num" box to be filled in, XOut limits the Categories shown to only other Accounts, and so forth, but which one you choose is a matter of personal style. though it probably should mimic the "real world" transaction.

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