Accounting Talk Accounting Talk    FAQ   Search   Memberlist   Usergroups   Register   Profile   Log in to check your private messages   Log in  Margin loans in Quicken          Accounting Talk Forum Index -> Quicken View previous topic :: View next topic   Author Message Mike N Guest Posted: Wed Jun 25, 2008 11:00 am    Post subject: Margin loans in Quicken Anybody using personal plus 2008, and tracking a margin loan ? I'm just using a negative balance in the brokerage cash account as the loan, it seems to work OK (only a few transactions ) but is there a better way ? Mike Back to top   Ads Advertising Sponsor R. C. White Guest Posted: Wed Jun 25, 2008 5:20 pm    Post subject: Re: Margin loans in Quicken Hi, Mike. I've never used any but the US versions of Quicken, and I haven't had a margin loan in a while. But, I handle it as you said - very simply. Since there's no due date and no repayment schedule, there's no need to set up anything formal for the loan. It is simply a negative balance in the brokerage cash account. The loan will be repaid automatically (in my experience) whenever cash is deposited into the account, whether from my pocket or from dividends or interest received or, most likely, when securities are sold and the proceeds are collected. No entries specifically recording the payoff are required; the cash balance will simply grow from a big minus to a small minus to a plus. RC -- R. C. White, CPA San Marcos, TX (Retired. No longer licensed to practice public accounting.) rc@grandecom.net Microsoft Windows MVP (Currently running Quicken 2008 Deluxe in Vista Ultimate x64 SP1) "Mike N" <mikenot@bigpond.com> wrote in message news:s8p8k.14449$IK1.13055@news-server.bigpond.net.au... Quote: Anybody using personal plus 2008, and tracking a margin loan ? I'm just using a negative balance in the brokerage cash account as the loan, it seems to work OK (only a few transactions ) but is there a better way ? Mike Back to top   Ads Advertising Sponsor B Guest Posted: Thu Jun 26, 2008 1:24 am    Post subject: Re: Margin loans in Quicken On 6/25/2008 5:31 AM, Mike N wrote: Quote: Anybody using personal plus 2008, and tracking a margin loan ? I'm just using a negative balance in the brokerage cash account as the loan, it seems to work OK (only a few transactions ) but is there a better way ? Mike I do exactly what you're doing and, as RC said, there are no problems and no reason to do it any other way. Even any interest which is added to the balance downloads correctly. The balance is reflected properly in Net Worth. It couldn't be simpler and works perfectly. The interest category that you sue for the margin account can even be set so that it is handled properly for tax purposes. Bernie Back to top   Ads Advertising Sponsor Display posts from previous: All Posts1 Day7 Days2 Weeks1 Month3 Months6 Months1 Year Oldest FirstNewest First         Accounting Talk Forum Index -> Quicken All times are GMT Page 1 of 1   Jump to: Select a forum Accounting Talk----------------Accounting TalkPeachtreeQuickbooksQuicken  You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum 68 Attacks blocked Powered by phpBB © 2001, 2005 phpBB Group