MS Money 2006

How do i balance (reconcile) an investment account to my statement?

I know, or at least belive I understand, how to do this with my
checking account, but how about an IRA or 401K account?

Also, when adding a new account transaction in the Account Register,
the pull-down menu lists all the investments that I entered. How do I
edit this list, correct for misspellings, or delete investmenst I
don't use?

Thanks

Dick
Wed Nov 09 09:15:08 CST 2005

You don't. Money doesn't provide any direct support for balancing an
investment account.

a1) What you can do is go to the a) Portfolio page, poke in the date of your
statement, and compare share balances and holdings to the statement, and b)
go to the investment account register and mark transactions off the
statement or other confirmations as Reconciled (Ctrl+Shift+M), and c) for
non-retirement investment cash accounts, you can balance these to the
statements.

a2) On the portfolio page there is a link on the left to work with
investments (IIRC, M05/6 have changed this somewhat) that lets you pick a
specific investment to edit where you can change names, etc. There is a
similar link somewhere in that neighborhood to "delete" obsolete investments
you have no holdings of. But beware: an investment is never really
"deleted". IF you think you might reuse the name and/or the symbol in the
future in another investment, special care must be taken. Basically, before
deleting, rename it something benign and remove or change the symbol to
something useless (obsolete.msft). If someone doesn't dive in with more
specific paths to this in M06, I'll get one tonight.

<skid0g@juno.com> wrote in message
news:nt14n1hegffjibcki1emm7ercofq7jqbtj@4ax.com...
> How do i balance (reconcile) an investment account to my statement?
>
> I know, or at least belive I understand, how to do this with my
> checking account, but how about an IRA or 401K account?
>
> Also, when adding a new account transaction in the Account Register,
> the pull-down menu lists all the investments that I entered. How do I
> edit this list, correct for misspellings, or delete investmenst I
> don't use?

Marilyn
Wed Nov 09 10:55:11 CST 2005

If you are talking about the Investment Account itself (and not the
individual investments, such as mutual funds or money market funds) within
it, you can balance the Cash Account (if there is one) attached to the
investment account. I believe that by default 401K accounts have an
attached Cash Account, so you probably have it. On your investment account
register page, click on "Cash Transactions" on the left hand side of the
page. That will get you to the Cash register page. On the left hand side
click on "More Cash Tasks >" and then on "Balance This Account" from the
pull out menu.
--
Peace,
BobJ

"Dick Watson" <littlegreengecko@mind-enufalready-spring.com> wrote in
message news:eQtCgBU5FHA.432@TK2MSFTNGP09.phx.gbl...
> You don't. Money doesn't provide any direct support for balancing an
> investment account.
>
> a1) What you can do is go to the a) Portfolio page, poke in the date of
> your
> statement, and compare share balances and holdings to the statement, and
> b)
> go to the investment account register and mark transactions off the
> statement or other confirmations as Reconciled (Ctrl+Shift+M), and c) for
> non-retirement investment cash accounts, you can balance these to the
> statements.
>
> a2) On the portfolio page there is a link on the left to work with
> investments (IIRC, M05/6 have changed this somewhat) that lets you pick a
> specific investment to edit where you can change names, etc. There is a
> similar link somewhere in that neighborhood to "delete" obsolete
> investments
> you have no holdings of. But beware: an investment is never really
> "deleted". IF you think you might reuse the name and/or the symbol in the
> future in another investment, special care must be taken. Basically,
> before
> deleting, rename it something benign and remove or change the symbol to
> something useless (obsolete.msft). If someone doesn't dive in with more
> specific paths to this in M06, I'll get one tonight.
>
> <skid0g@juno.com> wrote in message
> news:nt14n1hegffjibcki1emm7ercofq7jqbtj@4ax.com...
>> How do i balance (reconcile) an investment account to my statement?
>>
>> I know, or at least belive I understand, how to do this with my
>> checking account, but how about an IRA or 401K account?
>>
>> Also, when adding a new account transaction in the Account Register,
>> the pull-down menu lists all the investments that I entered. How do I
>> edit this list, correct for misspellings, or delete investmenst I
>> don't use?
>
>

Dick
Wed Nov 09 12:29:35 CST 2005

I believe if you "Balance" a cash account for a retirement/401k you get the
401k Manager Wizard which has been useless or worse for almost a decade now
not the Balance Account Wizard. I could be corrected as I haven't tried it
in a number of versions now.

"Marilyn & Bob" <privacy@nospam.please> wrote in message
news:u3W6Z5U5FHA.3188@TK2MSFTNGP15.phx.gbl...
> If you are talking about the Investment Account itself (and not the
> individual investments, such as mutual funds or money market funds) within
> it, you can balance the Cash Account (if there is one) attached to the
> investment account. I believe that by default 401K accounts have an
> attached Cash Account, so you probably have it. On your investment
account
> register page, click on "Cash Transactions" on the left hand side of the
> page. That will get you to the Cash register page. On the left hand side
> click on "More Cash Tasks >" and then on "Balance This Account" from the
> pull out menu.

Marilyn
Wed Nov 09 22:33:24 CST 2005

Sorry, I could be wrong myself. I do not have a 401K plan. I had a 457
Plan later converted to an IRA, but in neither case did I use the Cash
Account feature. I only have the Cash Account with my taxable brokerage
account and made my comments assuming the the balance feature was the same
in both type of investment accounts.
--
Peace,
BobJ

"Dick Watson" <littlegreengecko@mind-enufalready-spring.com> wrote in
message news:eFmZKuV5FHA.252@TK2MSFTNGP15.phx.gbl...
>I believe if you "Balance" a cash account for a retirement/401k you get the
> 401k Manager Wizard which has been useless or worse for almost a decade
> now
> not the Balance Account Wizard. I could be corrected as I haven't tried it
> in a number of versions now.
>
> "Marilyn & Bob" <privacy@nospam.please> wrote in message
> news:u3W6Z5U5FHA.3188@TK2MSFTNGP15.phx.gbl...
>> If you are talking about the Investment Account itself (and not the
>> individual investments, such as mutual funds or money market funds)
>> within
>> it, you can balance the Cash Account (if there is one) attached to the
>> investment account. I believe that by default 401K accounts have an
>> attached Cash Account, so you probably have it. On your investment
> account
>> register page, click on "Cash Transactions" on the left hand side of the
>> page. That will get you to the Cash register page. On the left hand
>> side
>> click on "More Cash Tasks >" and then on "Balance This Account" from the
>> pull out menu.
>
>

Dick
Thu Nov 10 07:30:30 CST 2005

It seems so obvious that it should be. Last I checked, it wasn't.

"Marilyn & Bob" <privacy@nospam.please> wrote in message
news:uF976Ab5FHA.1420@TK2MSFTNGP09.phx.gbl...
> I only have the Cash Account with my taxable brokerage account and made my
> comments assuming the the balance feature was the same in both type of
> investment accounts.