From: Andrew on
Art McClinton wrote:

> For example when a CD Matures I have been transferring the funds to
> the new account assigned by the FI, closing the express web connect,
> and hiding the account in the account bar.

When you say the funds are being transferred to 'the new account...'; are
you rolling over the CD into a new CD at the same FI? Is this a new CD at
the same account via a rollover to a new CD, albeit perhaps with a different
CD number?

If so, you MIGHT consider simply reusing the same account; disconnect it
from OSU, edit the account information (like the CD number perhaps), and
re-connect it to OSU, and manually deleting any transfer balances so that
the balance is what it now is in the new CD. This way you keep just one
account active without having a slew of accounts all over the place.
Comments can be used in the register if needed to keep track of the old and
new numbers and the maturity date.

The allocation of any interest can still be credited to different Quicken
categories to keep that straight since you probably receive a total of CD
interest based by CD number. This works for me, but as always, YMMV.
--


-------------------------------------------------------------
Regards -

- Andrew


From: Art McClinton on

"Andrew" <andrew(a)jkl.com> wrote in message
news:4ba6bf65$0$21869$607ed4bc(a)cv.net...
> Art McClinton wrote:
>
>> For example when a CD Matures I have been transferring the funds to
>> the new account assigned by the FI, closing the express web connect,
>> and hiding the account in the account bar.
>
> When you say the funds are being transferred to 'the new account...'; are
> you rolling over the CD into a new CD at the same FI? Is this a new CD at
> the same account via a rollover to a new CD, albeit perhaps with a
> different CD number?
>
> If so, you MIGHT consider simply reusing the same account; disconnect it
> from OSU, edit the account information (like the CD number perhaps), and
> re-connect it to OSU, and manually deleting any transfer balances so that
> the balance is what it now is in the new CD. This way you keep just one
> account active without having a slew of accounts all over the place.
> Comments can be used in the register if needed to keep track of the old
> and new numbers and the maturity date.
>
> The allocation of any interest can still be credited to different Quicken
> categories to keep that straight since you probably receive a total of CD
> interest based by CD number. This works for me, but as always, YMMV.
> --
>
>
> -------------------------------------------------------------
> Regards -
>
> - Andrew

Thanks, you are correct that if I change the period they assign a new
account number. Your suggestion appears that it will work.

From: Andrew on
Art McClinton wrote:
> "Andrew" <andrew(a)jkl.com> wrote in message
> news:4ba6bf65$0$21869$607ed4bc(a)cv.net...
>> Art McClinton wrote:
>>
>>> For example when a CD Matures I have been transferring the funds to
>>> the new account assigned by the FI, closing the express web connect,
>>> and hiding the account in the account bar.
>>
>> When you say the funds are being transferred to 'the new
>> account...'; are you rolling over the CD into a new CD at the same
>> FI? Is this a new CD at the same account via a rollover to a new
>> CD, albeit perhaps with a different CD number?
>>
>> If so, you MIGHT consider simply reusing the same account;
>> disconnect it from OSU, edit the account information (like the CD
>> number perhaps), and re-connect it to OSU, and manually deleting any
>> transfer balances so that the balance is what it now is in the new
>> CD. This way you keep just one account active without having a slew
>> of accounts all over the place. Comments can be used in the register
>> if needed to keep track of the old and new numbers and the maturity
>> date. The allocation of any interest can still be credited to different
>> Quicken categories to keep that straight since you probably receive
>> a total of CD interest based by CD number. This works for me, but
>> as always, YMMV. --
>>
>>
>> -------------------------------------------------------------
>> Regards -
>>
>> - Andrew
>
> Thanks, you are correct that if I change the period they assign a new
> account number. Your suggestion appears that it will work.

Probably not the most kosher way of dealing with this from an accounting
point of view, but I hate having a slew of closed, hidden, accounts floating
around; the older I get, the more laddering I do of CDs, so this is my way
of dealing with it. Thank goodness one can still credit the interest using
different catagories within the same account, however. If that wasn't the
case, the whole thing would fall flat. Good luck!

--
-------------------------------------------------------------
Regards -

- Andrew


First  |  Prev  | 
Pages: 1 2
Prev: Cash Flow
Next: Editing recent file list