Reinvest - Income Reinvestment option creates a cash transaction

Legacy KB ID: 3781

Question

When I process a dividend reinvestment why does Quicken enter transactions into my linked cheque account?

Answer

The program is behaving as it should. 

Quicken is not designed to receive income in the form of shares.  To handle dividend reinvestment options, Quicken must receive the income in cash and then buy the shares.  It must also include any Imputation Credit into your accounts. 

When no cheque account is linked to your investment account, these transactions remain in the investment account.  As these transactions have a net 0.00 balance, you will not see a change in the investment account’s Cash Balance. 

When you link an account (which will show as <investment account name> - Cash) to the investment account then these transactions will be shifted to your cheque account (your investment account will now show fewer transactions).  The net balance is still 0.00 but your cheque account will now show the transactions that Quicken must do to process the dividend reinvestment. 

The Development Team is investigating other means of processing dividend reinvestments.

How did we do?

Reckon Accounts Personal: Unable to Open Source File error

I get an error message referring to QWUTIL7.dll.

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