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Asset accounts in Quicken 2006?
Asset accounts in Quicken 2006?
Alright, I hope I'm not the only one that has come across this issue with Quicken.
I have a savings account that was created in Quicken. I download transactions on a daily basis. Here is an example of my situation.
Example: Let's say there is $1,000.00 in the savings account. I want to reserve $500.00 for some remodeling and the other $500.00 for vacation. I created two savings goal accounts and transfer the money from the savings account to each savings goal account. Well, for some reason I have found that the total of my asset accounts is $171.00 higher than the balance that the bank has. Having the savings goal accounts allows me to create a balance report. The total for all the savings goal accounts should total the balance of the savings account. This way I can also see how the money in the savings account is divided.
My question: Is there a better way to do what I'm doing with just one account. This would allow the balance to always match the bank balance and I would still know the breakdown of the money in the account.
Answers:
Zijuzijazijana: Bank takes a fee for each transaction,so that's probably were the difference comes from but it is way too high.
There is a better way to do it,you will need to go directly to the bank and ask them for Internet account,they usually have their own software that you will need to install and a fee for using it but it will match your account unless there is going to be delay in certain transactions like overseas transactions
2007-08-03 08:14:30