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From: Andrew on 21 Mar 2010 20:52 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 22 Mar 2010 20:30 "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 22 Mar 2010 20:49
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 |