Online update - why do amounts change?


S

Steve

When I run an online update, some of the totals listed in the cash
flow and investing center change, even before I've accepted any of the
downloaded transactions. If I delete all the downloaded transactions,
the amounts are still changed. What causes this? Maybe Q
automatically updates the securities prices, even though I haven't
accepted the downloads?
 
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J

John Pollard

Steve said:
When I run an online update, some of the totals listed in the cash
flow and investing center change, even before I've accepted any of the
downloaded transactions. If I delete all the downloaded transactions,
the amounts are still changed. What causes this? Maybe Q
automatically updates the securities prices, even though I haven't
accepted the downloads?
It does if you told it to. And I think you have answered your
own question.
 
S

Steve

John Pollard said:
It does if you told it to. And I think you have answered your
own question.
Not sure - I ran One Step Update, checked only the box to "Download
latest transactions, balances, and holdings." Deleted all the
downloaded transactions, but several balances had changed. Would Q
update security prices in this scenario?
 
J

John Pollard

Steve said:
Not sure - I ran One Step Update, checked only the box to "Download
latest transactions, balances, and holdings." Deleted all the
downloaded transactions, but several balances had changed. Would Q
update security prices in this scenario?
Unfortunately, I do not have Quicken available on this machine, so I can not
get at the details handily; and I do not know what version of Q you are
running, so am not sure our download setup is the same.

I do not know of any other explanation for the situation you described, if
you can absolutely guarantee that you checked the balances immediately
before you downloaded and then immediately after. But it should be a
trivial matter to check whether you have gotten new prices: before you
download, print the Portfolio View/Quotes View; then compare the Quotes view
to the print out when the download is finished. For that matter, in Q2002,
when a download includes current quotes, Quicken always finshes by
displaying the Portfolio View/Quotes View, and I think that only happens if
you download quotes. If Quicken changes to the Portfolio View when it
finishes downloading, I *believe* that means it has downloaded prices.

If the balances changed from the last time you opened Quicken (not during
the download), but you did not manually enter any transactions or accept any
downloaded transactions during the current session, that could be the result
of automatically entered scheduled transactions being entered in your
registers when you opened Quicken.
 
S

Steve

Thanks John, I'll do some more checking, see how it goes. I'm using
Q2004 Premier.
 
R

Rocky

I am having the same problem you previously described with your cash
account getting bloated with paycheck allocations that don't tranfer
correctly to shares purchased. I have a forty thousand dollar cash
onhand balance that accrued from my paycheck splits. This has been
added to my invesment account balance in the form of the cash account
and now depicts an incorrect investment account balance. Apparently
Intuit did not make provisions for the possibility that users would
track these allocations. Have you had any further luck figuring out
how to reconcile these cash account imbalances with mutual fund shares
purchases that have already been paid for at the brokerage from monies
deducted from my paycheck? It really is a clerical error of some
sort. a double accounting problem.
 
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J

John Pollard

Rocky said:
I am having the same problem you previously described with your cash
account getting bloated with paycheck allocations that don't tranfer
correctly to shares purchased. I have a forty thousand dollar cash
onhand balance that accrued from my paycheck splits. This has been
added to my invesment account balance in the form of the cash account
and now depicts an incorrect investment account balance. Apparently
Intuit did not make provisions for the possibility that users would
track these allocations. Have you had any further luck figuring out
how to reconcile these cash account imbalances with mutual fund shares
purchases that have already been paid for at the brokerage from monies
deducted from my paycheck? It really is a clerical error of some
sort. a double accounting problem.
I am not so sure that your problem is the same as the op's.

There is no such thing as a "transfer" " to shares purchased";
not even in the real world, much less in Quicken. But, as far
as I can tell, Intuit did "make provisions for the possibility
that users would track these allocations".

When you have funds deducted from your paycheck for a 401k, for
example, those funds initially exists as cash at whatever
financial institution you sent them to: using that cash, the fi
purchases shares of one or more securities for your account.

Quicken has no way to know exactly how many shares of which
security were purchased with that cash (or even when they were
purchased); it is your job to get that information to Quicken.

If you can download directly from the fi where the shares were
purchased, the download should contain "Buy" transactions which
will purchase the correct number of shares for each security and
reduce your cash balance in the account.

If the fi does not offer downloads, you will need to manually
enter those "Buy" transactions ... or *possibly* "Schedule" them
in Quicken with a "Group" scheduled transaction, then modify
each individual "Buy" transaction to purchase the correct number
of shares.
 

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