What's the best account type for Cash Management Acct?

HudsonGuy

I have a regular checking account and a cash management account at my brokerage firm, which I've set up as a second checking account. But there are all kinds of annoying transactions/redemptions in this CMA (e.g. every time a check is paid something is sold) and I was wondering if there is a more suitable type of account I might switch to. Thanks for sharing your experience with this.

Coach Jon

Hello @HudsonGuy,

Thank You for posting to the community! If you have regular transactional activity in the account, I would suggest tracking it as a Checking or other Banking account in Quicken Simplifi, as Investment accounts can be difficult to manage/track if you are just using it to track cash regularly. I hope this helps!

Thanks,

Coach Jon

HudsonGuy

Thanks Jon