newbie reconcile questions

[alernerdev]

hi. In my vanguard acct, i have 2 mutual funds, called IRA1 and IRA2. for whatever reason, they each have a separate acct #. What i wanted to do is to have a FM subfolder called "Vanguard Retirement" and into it i was going to put both mutual funds (which i did). But now it seems that in order to reconcile, i cannot just click on the folder and reconcile both funds since i have to provide a separate acct # for each. Finally, my question: does this mean i have to have "Vanguard Retirement" folder, and underneath, i have to make 2 more folders called IRA1 and IRA2 each of which is just holding 1 mutual fund -- all for the sake of the fact that each fund goes with each own acct #?

question 2: i also have my company sponsored 401K acct. according to the vanguard statements, they only show the dollar amount of the initial purchases -- they dont show the initial shares purchase, only the dollar value. So FM correctly adds up reinvestments and other share quantities that it does see, but still, when reconciling, my share qty is way off. How exactly do i fogure this out? thank you

[Mark]

Hi alernerdev,

1) Yes, if each fund is in a separate account, with its own account number, you would want to put each in its own sub-portfolio. You can still combine these 2 account level sub-portfolios at the next higher level, so you can report/graph on both combined if you want, but each account number should be in a separate sub-portfolio for retrieving/reconciling purposes.

2) You can manually edit any missing/wrong transactions. However many shares you are off is what you would need to adjust for by adding/editing some transactions. See the Data Register under the data type of "Transactions (all)". For example, if Fund Manager has 1,000 fewer shares than the reconciliation statement, then you'd somehow need to record 1 or more buy transactions totaling up to 1,000 shares.