Imported Transactions

[fiscalis]

Mark,

When reveiwing the transactions that have been imported, some have a comment in the memo field that says "(Imported) Bought 5,313.862 ...." and some don't.

When does FM make this entry in the memo field?

Is it done when the box is checked to automatically enter a corresponding entry in the default cash account?

And, if I'm importing all transactions from TD Ameritrade, I should NOT have that box checked, correct?

THANKS
Bill

[Mark]

Hi Bill,

These memos can vary by importing source. The memo is sometimes brought in from the import source if available. Other times FM will automatically assign a memo if the import source doesn't have one. If you manually enter transactions, you specify the memo.

The status of "Automatically record corresponding entry in default cash account" affects the memo only on the cash side of the transaction, in that if FM automatically records the cash transaction, it assigns the memo. If the cash transaction is specifically imported from your source, then it is brought in from the import source when available.

You should have this option off if your importing data already contains the cash side of the transaction. For example, let's say you buy some shares of a stock for $1,000. If your previewing imported transactions lists BOTH the purchase for $1,000 and the redemption of cash for $1,000 then you would want that option off, so you don't double subtract the $1,000. If however, your previewing imported transactions only lists the purchase, then you would want that option on, so you subtract $1,000 from the cash account.