Run "Re-Create Default Cash Transactions Dialog"?

[ThomasK]

Hi Mark,

In order to balance my cash account I have to enter a funky constant.

Would "Re-Create Default Cash Transactions Dialog" fix this? Could I try/would it mess something up?

For sure, I might have to adjust the constant if it doesn't quite fix the issue and that's fine.

ThomasK

[Mark]

Hi ThomasK,

Why do you have to enter some funky constant. You shouldn't normally need to do this. Just keep your cash at a price of 1, and the shares are always equal to the value.

That "Re-Create Default Cash Account Transactions" command can be used if you need to re-create all the cash side of your other transactions recorded in the portfolio. For example, if you imported, and forgot to have a default cash account assigned. I'm not sure what your situation is, but if this will help, you can try it.

[ThomasK]

Thanks Mark,

My issue for the funky constant seems to be either (a) an error or (b) just a function of when I began using FM and trying to get it and my statement to mesh. I do Transaction reporting and my brokerage is on Settlement...so a few adjustments now and again for dividends "declared" (FM records them properly as per Ex-div date) to account for money "in" FM and not yet "paid".

I'll do a backup and play with it...for some reason I think it is an error somewhere and recreating the cash file will fix it.

TK

[ThomasK]

Hi Mark,
In reviewing how I'm using Fund Manager I think I noticed an error that would indeed be throwing out my cash balances!

Background: I wish to track individual investments without commissions in but at the end of the month account for all the commissions I paid in one lump sum so that my cash balance in FM jives with the cash balance on my brokerage statement.

Solution:
a. I have all investments Transaction Entry Preferences in properties set to "No Fees"
b. At the end of the month I create 1 entry to show the commissions paid as a Distribution Transaction.

Question: Please see the attached example
I made 1 trade for a $9.99 commission that month. I input the Period beginning/ending dates, values, shares, BUT THE PRICE SHOULD HAVE BEEN NEGATIVE 1, YES?

Thanks...I sometimes get an incorrect concept in my head and can't seem to shake it out.

ThomasK

[Mark]

Hi ThomasK,

To record something like this you should record the value/shares as negative and leave the price at 1. The price for all cash transactions should always be 1. Since you have a negative number of shares, it will reduce the number of shares of cash you have, decreasing your balance.