Cash Payment


K

Ken Blake, MVP

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.
 
B

Bert

In "Ken Blake, MVP"
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.
I use "Miscelaneous Expense" for my management fees. Although there's a
field for "Transfer Account" there's no need to enter one.
 
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K

Ken Blake, MVP

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.

Thanks very much. I had assumed it was necessary.
 
A

Andrew

Thanks very much. I had assumed it was necessary.
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.
 
K

Ken Blake, MVP

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.

Thanks for the thought.
 
B

Bert

In news:wfx3w.413163$DX.124274@fx06.iad Andrew said:
I would think 'Miscellaneous Expense' might not be so-flagged.
"Miscelaneous Expense" is the Quicken menu selection from "Enter
Transactions." In it, you then select the actual "Category."
 
A

Andrew

Bert said:
"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'.
 
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B

Bert

In news:RdM3w.20247$0G4.7470@fx11.iad Andrew said:
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."
 

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