Entering history


D

Dave

Hi, All: I have Q2004 Premier. I want to use it to track my Merrill
Lynch Cash Mgmt account, which is a combination brokerage account and
checking account. I opened it in 1996, so I have a stack of
statements. My question is how do I set up Quicken so I can enter the
history of stock and mutual fund purchases? Do I start with the
opening cash balance in 1996, and just enter each transaction? Or do
I enter the opening balance from the latest statement and then enter
the older transactions? If the latter, how do I ensure that
everything balances?
Thanks, Dave
 
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A

Andrew

Dave said:
Hi, All: I have Q2004 Premier. I want to use it to track my Merrill
Lynch Cash Mgmt account, which is a combination brokerage account and
checking account. I opened it in 1996, so I have a stack of
statements. My question is how do I set up Quicken so I can enter the
history of stock and mutual fund purchases? Do I start with the
opening cash balance in 1996, and just enter each transaction? Or do
I enter the opening balance from the latest statement and then enter
the older transactions? If the latter, how do I ensure that
everything balances?
Thanks, Dave
Depends on whether or not you wish to have Q learn about the entire cost
history of your account. If you don't mind doing the typing/entering of the
data, I'd start with the earliest statement you have, and go from there. In
terms of 'balancing', ensure that as you enter each statement, your Quicken
portfolio matches the statement month by month, or quarter by quarter (or
whatever frequency your statements are) so that you can see how you're
doing.

If you have check writing privileges, you might wish to reconcile against
each statement as well, I would think.

Also review the past few days of posts from a Post from HAN and ensure you
understand the concept of NOT entering price per share on your transactions
by entering the other data (number or shares and cost of the transaction to
let Quicken calculate the price per share).

Good luck!

Regards -

- Andrew
 
D

Dave

Thanks, Andrew. My goal is figuring out capital gains, counting in
dividends reinvested, and when to sell. I do have check writing on
that account, so it should be a bit of a data entry task. I did see
the post the last few days about letting Q do the arithmetic, point
well taken. Thanks, Dave
 
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A

Andrew

Dave said:
Thanks, Andrew. My goal is figuring out capital gains, counting in
dividends reinvested, and when to sell....
Well, in this case, you DEFINITELY need to enter all the transactions from
the get-go so that Q can determine your entire cost basis using all the
historical data.
As far as 'when to sell', good luck!
 

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