Record proceeds to .....


J

Jeff

In replying to a previous question I asked, John Pollard wrote:

"Or telling Quicken in the Buy/Sell transactions to "Use cash for
this transaction" "From" (or "Record proceeds" "To") the account
where the transaction is being entered. [NOTE: This is not the
same as using "this account's cash balance".] "

I've looked through the documentation that came with Quicken (User manual,
etc.) and on the web but could not find any information about how "Record
Proceeds to" works. John P. wrote:

" [NOTE: This is not the same as using "this account's cash balance".] "

How is it different? Why is it not the same as using the account's cash
balance if one is directing it to use the "the account where the transaction
is being entered"? Could you please explain?

Thanks.

Jeff
 
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F

Fred Smith

What version of Quicken are you using?

In more recent versions (about Q03 onwards), it in the Enter Transaction
dialogue box, in the bottom left hand corner under "Use cash for this
transaction"

On earlier versions, they are the 'X' transactions (eg BuyX rather than Buy).

Yes, we can explain. In one case, the cash comes from the investment account, in
the other, it comes from some other account that you identify.
 
J

Jeff

I'm using Quicken Deluxe 2006 for Windows.

I am interested in the Sell transaction where the line says "Record proceeds
To". My question was related to John Pollard saying:
"Or telling Quicken in the Buy/Sell transactions to "Use cash for
this transaction" "From" (or "Record proceeds" "To") the account
where the transaction is being entered. [NOTE: This is not the
same as using "this account's cash balance".] "

The part where he says "[NOTE: This is not the same as using "this account's
cash balance".] " implies -- unless I misunderstand him -- that even though
one selects the same account where the transaction is entered (see his text
above), it does not use cash from that account ("NOTE: This is not the same
as using "this account's cash balance".] )

I am also not familiar with the 'X' transactions and will have to read up
about them.

Jeff


Fred Smith said:
What version of Quicken are you using?

In more recent versions (about Q03 onwards), it in the Enter Transaction
dialogue box, in the bottom left hand corner under "Use cash for this
transaction"

On earlier versions, they are the 'X' transactions (eg BuyX rather than
Buy).

Yes, we can explain. In one case, the cash comes from the investment
account, in the other, it comes from some other account that you identify.

--
Regards,
Fred


Jeff said:
In replying to a previous question I asked, John Pollard wrote:

"Or telling Quicken in the Buy/Sell transactions to "Use cash for
this transaction" "From" (or "Record proceeds" "To") the account
where the transaction is being entered. [NOTE: This is not the
same as using "this account's cash balance".] "

I've looked through the documentation that came with Quicken (User
manual, etc.) and on the web but could not find any information about how
"Record Proceeds to" works. John P. wrote:

" [NOTE: This is not the same as using "this account's cash balance".]
"

How is it different? Why is it not the same as using the account's cash
balance if one is directing it to use the "the account where the
transaction is being entered"? Could you please explain?

Thanks.

Jeff
 
J

John Pollard

Jeff said:
I'm using Quicken Deluxe 2006 for Windows.

I am interested in the Sell transaction where the line says
"Record proceeds To". My question was related to John Pollard
saying:
"Or telling Quicken in the Buy/Sell transactions to "Use cash
for
this transaction" "From" (or "Record proceeds" "To") the
account
where the transaction is being entered. [NOTE: This is not
the
same as using "this account's cash balance".] "

The part where he says "[NOTE: This is not the same as using
"this account's cash balance".] " implies -- unless I
misunderstand him -- that even though one selects the same
account where the transaction is entered (see his text above),
it does not use cash from that account ("NOTE: This is not the
same as using "this account's cash balance".] )
You understood me correctly, but I confess, I am confused by
what you are trying to get at with this question. I think you
could provide as good an answer as I can by just entering such a
transaction and noting the results.

By posting this question, out of the context of my original
answer, I think you have muddied the waters. You were looking
for a way to remove shares from an account and record the amount
received for those shares, without affecting the cash balance in
the account ... the answer I gave you should allow you to do
just that. Entering a Sell transaction and choosing to "Record
Proceeds" to the same account as the Sell transaction records
the amount of the sale, but does not change the cash balance.

To see a similar result, enter a Dividend transaction and elect
the investment account in the "Transfer account" drop down. You
will get one of those "X" transactions, which normally transfers
funds to another account ... but in this case, the transfer is
to the account where the transaction is entered ... no Quicken
account's cash balance is changed by this transaction (but your
_DivInc will be increased by the amount of the transaction).
 
J

Jeff

Thank you. That is clear enough. It was not intuitive (at least to me) that
recording the proceeds to an account does not use the cash (from the cash
balance) of the open account register it is being entered in. But as long
as it works, that's fine.

BTW, in a sell transaction, sometimes the "Record Proceeds to" box is
available to use and sometimes it is grayed out and not available. Is there
a rationale to this?

Thanks again.

Jeff

John said:
Jeff said:
I'm using Quicken Deluxe 2006 for Windows.

I am interested in the Sell transaction where the line says
"Record proceeds To". My question was related to John Pollard
saying:
"Or telling Quicken in the Buy/Sell transactions to "Use cash
for
this transaction" "From" (or "Record proceeds" "To") the
account
where the transaction is being entered. [NOTE: This is not
the
same as using "this account's cash balance".] "

The part where he says "[NOTE: This is not the same as using
"this account's cash balance".] " implies -- unless I
misunderstand him -- that even though one selects the same
account where the transaction is entered (see his text above),
it does not use cash from that account ("NOTE: This is not the
same as using "this account's cash balance".] )
You understood me correctly, but I confess, I am confused by
what you are trying to get at with this question. I think you
could provide as good an answer as I can by just entering such a
transaction and noting the results.

By posting this question, out of the context of my original
answer, I think you have muddied the waters. You were looking
for a way to remove shares from an account and record the amount
received for those shares, without affecting the cash balance in
the account ... the answer I gave you should allow you to do
just that. Entering a Sell transaction and choosing to "Record
Proceeds" to the same account as the Sell transaction records
the amount of the sale, but does not change the cash balance.

To see a similar result, enter a Dividend transaction and elect
the investment account in the "Transfer account" drop down. You
will get one of those "X" transactions, which normally transfers
funds to another account ... but in this case, the transfer is
to the account where the transaction is entered ... no Quicken
account's cash balance is changed by this transaction (but your
_DivInc will be increased by the amount of the transaction).
 
J

John Pollard

Jeff said:
BTW, in a sell transaction, sometimes the "Record Proceeds to"
box is available to use and sometimes it is grayed out and not
available. Is there a rationale to this?
I'm not sure I can think of a situation when the entire box is
grayed out; but the "To this account's cash balance" is
unavailable in Single Mutual Fund accounts, and the drop down
account to transfer to is unavailable in an investment account
with a linked cash account, and the entire "To" button and the
drop-down are unavailable in IRA accounts (in Q2006 Premier, R4
.... a condition which I think is unintended).
 
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J

Jeff

John said:
I'm not sure I can think of a situation when the entire box is
grayed out; but the "To this account's cash balance" is
unavailable in Single Mutual Fund accounts, and the drop down
account to transfer to is unavailable in an investment account
with a linked cash account, and the entire "To" button and the
drop-down are unavailable in IRA accounts (in Q2006 Premier, R4
... a condition which I think is unintended).
Thank you. I think it may have been in my IRA accounts.

Jeff
 

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