account balances all messed up


K

Ken Stone

I use Quicken for Mac, but this problem may be a basic Quicken issue,
not related to platform:

A while ago I transferred my Quicken data file to a new computer. I
later learned that the Quicken Quotes file was also needed, but I did
not have it any more.

Now, my account balances show losses in the same amount as the total
cost, so that effective worth of each account was zero as of the date
that I made the switch.

For example, one security (a college savings bond) has only a single Buy
transaction, with no additional transactions (and no update of security
price: this bond is not updated by Quicken Quotes). The cost of the
security was $2000, and in the portfolio view, there is an amount of
-$2000 in the Gain/Loss column.

I realize that my historical quote data is lost, other than what I could
retrieve with the Historical Prices feature. However, all my account and
security balances are also messed up. How do I fix this?

I suppose I could just wipe out all prior transactions and re-enter
every security as if I were setting up Quicken for the first time. But
that would be a last resort.

Thanks,
Ken
 
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K

Ken Stone

"John Pollard" said:
The balance in an investment account holding securities is determined
by the (most) current price of the securities; if you own 100 shares
of a security for which there are no prices, Quicken treats it as
worthless (100 x 0 = 0).
Thanks. That helped me figure it out, but there's a twist: For all my
old transactions, share prices are not recorded.

For example, the college savings bond I referred to had only one single
transaction when it was purchased. There were 50 shares at a share price
of $40. I now have to re-enter the share price on the date of purchase.
Even though the Buy transaction remains recorded, the share price is
not. Therefore, as you mentioned, it appears to Quicken as a share price
of 0.

This is getting quite complicated. I don't feel like going through that
for every security. I think that I may have to just start fresh and
re-enter all securities as if I were using Quicken for the first time.

Ken
 
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J

John Pollard

Ken said:
For all my old transactions, share prices are not recorded.

For example, the college savings bond I referred to had only one
single transaction when it was purchased. There were 50 shares at a
share price of $40. I now have to re-enter the share price on the
date of purchase. Even though the Buy transaction remains recorded,
the share price is not. Therefore, as you mentioned, it appears to
Quicken as a share price of 0.

This is getting quite complicated. I don't feel like going through
that for every security. I think that I may have to just start
fresh and re-enter all securities as if I were using Quicken for
the first time.
I'm not sure I understand why you want to do this.

You may want to do as you suggest, but do not do it just because you
are worried that your capital gains won't be computed correctly by
Quicken. Quicken still knows that you paid $40 per share for that 50
share lot, and if you enter a sell transaction for those 50 shares, Q
will correctly compute the capital gain; because Quicken uses the
price in the transaction, not the price in the price history, to
compute capital gains.

Also, if you are only trying to get that purchase price in the price
history, you could just "cut" the buy transaction, then "paste" it
right back again; easier than entering from scratch.
 

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