How to handle multiple mutual fund withdrawals into single checking deposit transaction (edit)
Advice please:
I have several mutual funds at Fidelity and periodically take distributions from multiple of the funds at the same time. Fidelity consolidates the distributions from the several funds into a single deposit into the checking account. So there are multiple withdrawals downloaded from Fidelity and a single deposit reported for checking account.
Right now the mutual funds are set as single mutual funds with a cash balance.
Is there a suggested way to record this in Quicken, so that it is possible to link the multiple withdrawals to the single checking deposit?
TY!
Best Answers
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What about making a single transaction in checking that is a split with a split line for each separate source as a transfer?
-splasher using Q continuously since 1996
- Subscription Quicken - Win11 and QW2013 - Win11
-Questions? Check out the Quicken Windows FAQ list0 -
Yes, doing this as a split on the checking deposit it was able to show a transfer from each of the mutual fund accounts to the single check deposit.
TY for the advice!
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Answers
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Well you could set up a new intermediate holding account for deposits in transit and put all the cash withdrawals to it. The make one transaction in your checking account as a transfer to the holding account.
I'm staying on Quicken 2013 Premier for Windows.
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What about making a single transaction in checking that is a split with a split line for each separate source as a transfer?
-splasher using Q continuously since 1996
- Subscription Quicken - Win11 and QW2013 - Win11
-Questions? Check out the Quicken Windows FAQ list0 -
The split is an idea that came to me as well. Let me give that a go. Will reply back shortly. TY!
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You will want to do drive the split from the checking account and have it system generate the transactions (other half of the transfer) in the investment accounts and ignore/delete anything downloaded from the brokerage that might move the funds out of the accounts.
-splasher using Q continuously since 1996
- Subscription Quicken - Win11 and QW2013 - Win11
-Questions? Check out the Quicken Windows FAQ list0 -
Yes, doing this as a split on the checking deposit it was able to show a transfer from each of the mutual fund accounts to the single check deposit.
TY for the advice!
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