Etrade vs RSU transactions

doucette
doucette Quicken Windows Subscription Member ✭✭
edited July 29 in Download, Add/Update Accounts (Windows)

Hi folks,

My company uses E*Trade (I guess now Morgan Stanley at Work) for it's stock purchase plan -- ESPP and RSUs. For ages all I could get Quicken to hook up to was the individual brokerage account part -- that would get transactions automatically downloaded/entered. So I've kept a "Stock Purchase Plan" account in quicken to track paycheck deductions for ESPP, RSU vests, etc, all manual and a pain to keep "in sync". It's fallen pretty out of step, so I'm looking to clean that up.

I've noticed recently in the brokerage account it's starting to show entries like "Xfer xx units of <ticker>" as both security and description. This is showing up in the brokerage account transaction list as a deposit, though it doesn't seem to "hook up" to anything nor effect share balance. If I tell Quicken to reconcile shares, it reconciles against the amount in the brokerage account, and these other "Xfer unit" securities don't show up in the list.

Anyone else noticing this behavior? Anyone been able to get something like this to automatically hook up to the security correctly so you can reconcile including the stock plan account? Almost seems like I could just drag those transactions over to my stock purchase plan and touch them up manually to make them add shares, hoping for something more streamlined.

Appreciate any thoughts...thanks!

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  • Quicken Jasmine
    Quicken Jasmine Quicken Mac Subscription Alumni ✭✭✭✭

    Hello @doucette,

    Thanks for reaching out!

    Currently, Quicken for Mac doesn't offer built-in support for these types of equity compensation plans, which can make tracking them accurately somewhat challenging. However, some workarounds can help you manage these transactions more effectively.

    One effective method is to create two separate accounts within Quicken:

    1. Account 1 – RSU Holding Account: This account will be used to track your RSUs.
      • Add Shares: When your RSUs are granted, record them as "Add Shares" with a nominal cost (e.g., $0.000001 per share). Screenshot 2025-06-17 at 11.49.42 AM.png
      • Sell Shares for Taxes: When shares vest and your employer withholds a portion for taxes, record this as a "Sell" transaction with a "Miscellaneous Expense" category to account for the tax withholding. Screenshot 2025-06-17 at 11.54.25 AM.png
      • Transfer Shares: After vesting, transfer the remaining shares to your brokerage account. Screenshot 2025-06-17 at 11.54.46 AM.png
    2. Account 2 – Brokerage Account: This is your standard investment account where your shares will reside after vesting.

    This method helps track shares and their associated costs, even though Quicken for Mac doesn't directly support RSUs.

    For your ESPP transactions, Quicken for Mac can handle them to some extent. You can set up an after-tax deduction in your paycheck setup to track the purchases. However, for detailed tracking and reporting, you might need to manually enter the transactions.

    I understand that these workarounds aren't ideal, and that's why we've submitted a feature request to enhance Quicken for Mac's support for stock options and restricted stock grants. You can view and add your vote to this request here: Add capability to enter stock options / restricted stock grants in Quicken Mac.

    Your feedback is valuable, and adding your vote can help prioritize this feature.

    I hope this helps!

    -Quicken Jasmine

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  • Quicken Jasmine
    Quicken Jasmine Quicken Mac Subscription Alumni ✭✭✭✭
    https://community.quicken.com/discussion/7963226/etrade-vs-rsu-transactions

    I have not heard from you yet, are you still needing assistance?

    Let me know!

    -Quicken Jasmine

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  • Quicken Jasmine
    Quicken Jasmine Quicken Mac Subscription Alumni ✭✭✭✭

    Hello @doucette,

    Just checking in once more before this thread is closed due to lack of activity.

    Thanks!

    -Quicken Jasmine

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  • doucette
    doucette Quicken Windows Subscription Member ✭✭

    Thanks for the feedback! It looks like I posted in the wrong forum — I was using Quicken for Mac, and switched over to the Windows version a year or so ago. Not sure if the same applies there, or if not if my question can be moved over.

    In this case I've got both a brokerage account with them and an ESPP/RSU account. The transactions with the share count are..sort of…getting exposed in the brokerage account, but not in a way that affects cash or share balance. I think that's new behavior in the last year-ish, perhaps coinciding with my return to the Windows edition.

    If I were to manually touch up the entries, the account would not reconcile correctly from a share count perspective against the brokerage account, but I'd have tracking of the shares vesting in the ESPP/RSU account. So it seems like it's just broken without deleting these auto imported transactions and manually entering them into the ESPP/RSU account. Hoping I'm missing something.

    Thanks!

    - Joe

  • jacobs
    jacobs Quicken Mac Subscription SuperUser, Mac Beta Beta

    @doucette A moderator can move this thread dover to a Quicken Windows category, but it might be better to start a new thread in a Quicken Windows category by copying and pasting your initial post above.

    Also, you should update your profile on this community so your posts show you as a Quicken Windows user instead of a Quicken Mac user. Click your user avatar on the upper right of this screen and click on your username to be able to edit your profile.

    Quicken Mac Subscription • Quicken user since 1993
  • doucette
    doucette Quicken Windows Subscription Member ✭✭

    Thanks — just reposted over in the Windows forum.

This discussion has been closed.

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