I'm using Quicken Deluxe 2014. In an investment account, what's a good way to enter a cash payment amount--an amount paid from the account to my investment advisor? Every kind of transaction seems to want a transfer account.
In "Ken Blake, MVP" I use "Miscelaneous Expense" for my management fees. Although there's a field for "Transfer Account" there's no need to enter one.
Just throwing out a thought, but you might wish to call it something like 'Investment Advisory Expense' and link that to a tax-related entry. I presume that such fees are tax-deductible and might deserve such a notation/flagging for income tax reminder purposes. I would think 'Miscellaneous Expense' might not be so-flagged. JS.
"Miscelaneous Expense" is the Quicken menu selection from "Enter Transactions." In it, you then select the actual "Category."
Got it. Subsequent category selection then should be selected and designated as a 'Tax Related Catagory'.
I have two categories to use under "Miscelaneous Expense," one is "Investment Expense" and the other is "Foreign taxes paid."