Create an associated cash account

Create an associated cash account

Tip: For easier reading, click (above).

By default, Money associates a cash account with every investment account (An account type specifically tailored for investment record keeping. Generally, youÆll set up one investment account for each account statement you receive. YouÆll then add individual investments to this investment account.) you create. If you choose not to create an associated cash account (The cash portion of an investment account. This is a place to temporarily store cash you use to buy investments, or to deposit cash from investment sales and profits. Associated cash accounts have the same name as the corresponding investment account, followed by the word ôCash." (For example, ôHanson Brothers (Cash).ö), or inadvertently delete it, you can always add one later.

1 On the navigation bar (The strip at the top of the Money screen where you can click to go to the different areas in Money.), click Investments, and then click Holdings View in the left pane.

2 Double-click the investment account to which you want to add an associated cash account. Be sure to choose the account, not an investment (An asset that an investor purchases with the hope that it will grow in value over time, such as stocks, bonds, mutual funds, certificates of deposit (CDs), and money market funds.) contained in the account.

3 In the left pane, click Details.

4 Click Modify on the right side of the screen.

5 Check Cash account enabled and click OK.

6 Enter the opening balance in the cash account and click OK.

If you have cash stored in a brokerage account, or if you've been making regular contributions to an investment account but haven't purchased the actual investments yet, enter the amount of cash available for the opening balance.

To view the associated cash account you've just created, click Investments on the navigation bar. The new account appears under the investment account with ô(Cash)ö after the name.

How can I tell between an investment account and an investment within an investment account?

In the Investment Portfolio, click Holdings View on the left pane. YouÆll see your investment accounts highlighted with a colored bar with the individual investments contained within the account below.

How do I delete an associated cash account?

Why use associated cash accounts?