Fix Investment transaction download assigning incorrection Action

PerryB
PerryB Quicken Windows Subscription Member ✭✭
edited February 2024 in Investing (Windows)

The Update transactions for investments is assigning the wrong Action (transaction type) to some transactions.

For Schwab accounts, a transaction description of “Bank Int Xx” are classified Deposit rather than Income ( which usually occurs monthly).

For Fidelity accounts, a transaction description of “ADVISOR FEE DEDUCTED Investment Mgr Fee” are classified as Withdrawal rather than Miscellaneous Expense. The same with Foreign Taxes paid.

This causes wrong results for the Investment Performance report Ave. Annual Return calculation if the dollar amounts are material.

Comments

  • Chris_QPW
    Chris_QPW Quicken Windows Subscription Member ✭✭✭✭

    Note that the information of what a given transaction should be record as comes from the financial institution.

    So, it is a matter of someone making the financial institution aware of the fact that they are sending the wrong information.

    I doubt anyone will get much traction in the area. For instance, Merrill Lync always sends my wife's 401K reinvest dividends are regular buys and I have to change them every month.

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