Cash Management Accounts are really a Banking Account (Quicken Windows), right?

warnest1
warnest1 Quicken Windows Subscription Member
in Download, Add/Update Accounts (Windows)

My CMA accounts are really checking accounts, yet the have the same constraints as Investing accounts. So there are a number of features that aren't available in CMA accounts that would be nice: 1) filtering on a variety of fields; 2) tags!!!; 3) ability to show categories and tag columns in the transaction list; 4) ability for reports to treat CMAs with the same features as for banking accounts.

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  • NotACPA
    NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭

    Your brokerage firm, which holds the CMA, isn't a bank … and thus by law can't issue a true checking account.

    So, NO, they're not banking accounts although for most purposes that act like one. The differences are VERY technical, and very legalistic … but I no longer remember exactly what they are.

    BUT, if in a non-retirement account you do TOOLS, Account List and click EDIT adjacent to the brokerage account you'll have an option to select "Show Cash in a checking account". First take a backup before you do this, but if you select that Q will create a pseudo-checking account an move all of the cash transactions from your brokerage account to this new pseudo-account.

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

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