Re: Fidelity sweep fund annoyance

On Thursday, February 2, 2023 at 10:17:39 AM UTC-6, David Arnstein wrote:
> I have experienced an issue with syncing Quicken Windows to Fidelity 
> accounts. This has been happening for many years, with all of my 
> Fidelity accounts. 
> 
> The syncing process duly reports dividends paid by the sweep (money 
> market) mutual fund. But it does not report the purchase of new fund 
> shares with those dividends. Hence, 
> 
> Reality: number of shares of sweep fund in Fidelity account increases. 
> 
> Quicken register: number of shares of sweep mutual fund is unchanged. 
> A cash balance appears. 
> 
> My work-around is to manually add a buy transaction to the Quicken 
> register. Is there a better solution? 

Unfortunately, I think you are mostly at the mercy of your financial institution: 
if they do not download all the legitimate MM transactions, there's nothing Quicken can do. 

If your problem is limited to missing the MM Buy transaction that should remove the cash generated by the MM Dividend transaction; the only alternative I can suggest would be to Edit the downloaded Dividend transaction to be a Reinvest Dividend transaction ... I think that would be slightly less work than creating a new Buy transaction.  [I'm assuming that all the real-world Div/Buy pairs occur on the same date.]