Source: Fidelity Investments
By default, Quicken treats mySmart Cash account as an investment account.
Q: Can I designate a mySmart Cash Account as a checking account in Quicken?
A: Quicken recognizes a mySmart Cash Account as a checking account when you follow these steps:
From the Main Menu in Quicken, choose Tools > Accounts List
Select the investment account to which you'd like to add a linked checking account, then click the Edit button.
On the General Information tab on the Account Details window, choose "yes" to "Show cash in a checking account." Quicken will prompt you to back up your data file.
Once the backup is complete, the linked checking account is created in Quicken with the same name as your investment account, plus the suffix "Cash." Click the OK button to save your changes.
Quicken converts all transactions in the investment account to their transfer equivalents. For example, "Buy" transactions are converted to "Buy X" transactions, and "Sell" transactions are converted to "Sell X" transactions.
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2 comments:
Great help -- thanks a ton for this.
Problem with adding a linked cash account is that the transactions come in as transfers instead of what the transactions actually were. I found that if you add the account, designate as "checking" in the first step, id Fidelity Investments as the financial institution, enter your id and password, and when it gives you the list to import, change the type of account to SAVINGS in the small pull-down list. After it creates the account, then you can switch the account back to checking, and it imports transactions normally.
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