Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is Special Handing For Transfers (SHFT)?

handing special transfers
0
Posted

What is Special Handing For Transfers (SHFT)?

0

For any transaction, in a money account, that has an Account Allocation or Transfer with a negative amount; Quicken will omit it and adjust the transaction total accordingly when importing the QIF file. This is done to avoid having duplicate entries in a register. For positive Transfer amounts Quicken creates a transaction in both accounts, on each side of the transfer. The Quicken import function does not use SHFT on the Portfolio Account import.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123