Fidelity - retrieved interest alocation

[nebfinfm]

I just discovered that interest earned on the cash balance of Fidelity default cash account is retrieved from Fidelity as „Buy/Sell - Purchase“ with memo INTEREST EARNED. This is wrong, it should be allocated to „Distribution - Interest earned reinvested“ .

Right now I am manually changing each entry. Any suggestion how to fix this problem?

Thanks nebfinfm

[Mark]

Hi nebfinfm,

It may be that is how Fidelity is reporting this. Can you email or post the section of your log (Help / Logs / Transaction Retrieve (Parsed...)" that shows this interest transaction?

[Mark]

Hi nebfinfm,

Thanks for sending the log file. Fidelity is reporting cash account interest as an "Investment Banking" transaction of type "Deposit". Therefore, FM is recording this as a buy, instead of a reinvested distribution of type interest income. I think we can add a special check for this case, since the memo does say "INTEREST EARNED". We will shoot to include this in the next major update.