C/R question

[Jeff]

In Quicken 2005, while in an investment account, Transactions tab, the most
extreme left column of the Transaction screen has an option of entering a
blank, a C or an R.

I can find no explanation for these entries either in the help section or in
the book I have about Quicken.

What are these settings and what do they mean?

--

Jeff Stevens
Email address deliberately false to avoid spam
jeff@stevens.com

Jeff wrote: In Quicken 2005, while in an investment account, Transactions tab, the most extreme left column of the Transaction screen has an option of entering a blank, a C or an R. I can find no explanation for these entries either in the help section or in the book I have about Quicken. What are these settings and what do they mean?

Same thing they mean in non-investment accounts: "c" =
"cleared"; "R" = "reconciled". (There is no real correlation
between reconciliations in an investment account and
reconciliations in a non-investment account; Quicken does not
offer any program assistance for investment account
reconciliation. But the values can still take on the same
meaning to you if you set them according to your own standards.
(I manually [visually] reconcile my investment accounts to my
brokerage account statements, and when they agree, I set the
"Clr" value to "R" in each investment account transaction for
the period).

--
John Pollard
First Last at Bellsouth dot net
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[Jeff]

I thought so, but could find no documentation.

Thank you again.

--

Jeff Stevens
Email address deliberately false to avoid spam
jeff@stevens.com



John Pollard wrote: Jeff wrote: In Quicken 2005, while in an investment account, Transactions tab, the most extreme left column of the Transaction screen has an option of entering a blank, a C or an R. I can find no explanation for these entries either in the help section or in the book I have about Quicken. What are these settings and what do they mean? Same thing they mean in non-investment accounts: "c" = "cleared"; "R" = "reconciled". (There is no real correlation between reconciliations in an investment account and reconciliations in a non-investment account; Quicken does not offer any program assistance for investment account reconciliation. But the values can still take on the same meaning to you if you set them according to your own standards. (I manually [visually] reconcile my investment accounts to my brokerage account statements, and when they agree, I set the "Clr" value to "R" in each investment account transaction for the period).

[JMC]

Running QW04B.

Have found you can reconcile Investment Acct - with QW assistance
screens.

Use 'Reconcile' button in customized toolbar - works much the same as
with a checking account.

JM wrote: Running QW04B. Have found you can reconcile Investment Acct - with QW assistance screens. Use 'Reconcile' button in customized toolbar - works much the same as with a checking account.

Good point.

I should have made my point a bit clearer: even with the Quicken
reconcile window, you are not truely reconciling the investment
account, just its cash balance. For example, a Reinvestment
transaction doesn't affect the cash balance, so the reconcile
process may correctly show a $0.00 affect on the cash balance
even though the reinvestment transaction may contain an
incorrect number of shares. Indeed, I would not mark an
investment account transaction as reconciled unless I had also
verified that it contained the correct number of shares (when
number of shares is applicable), and you can't tell anything
about the number of shares in the Quicken reconcile window.

Reconciling an investment account is significantly different
than reconciling a checking account, and can't be done
accurately and completely by the Quicken aided reconcile process
alone.

--
John Pollard
First Last at Bellsouth dot net
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