Why won't FM let me record dividends?

[tedzo]

I am trying to manually records dividends.

I go to the Data Register and click on "New". That brings up the "Buy/Sell Transaction" dialog. I want to record a dividend distribution and I am not sure how to do that. This is FM 9.x.

Thank you

An

[tedzo]

Ok, something weird.

I imported transactions from the broker and all the dividend reinvestments got recorded as Purchase and clicking the "Edit" button on the data register won't let me change the "Buy" into a "dividend reinvest" transaction.

Am I missing something? Aren't the "New" and "Edit" buttons supposed to make changes to the transaction type?

Thanks for your time.

[Mark]

Hi tedzo,

In v9 in the Data Register if you are on "Investments (all)" and press "New..." you will be prompted for a new buy or sell. Change the data type to "Distributions (all)" to record a new distribution.

You cannot change a purchase type transaction into a distribution. You would need to delete it and re-add it. I suspect you have already both a distributed distribution, plus a purchase. You can simply delete the purchase, and edit the distributed distribution, to make it reinvested. The combination of a purchase + dist. distribution is equivalent a reinvestment. The broker may report your transactions this way, so Fund Manager retrieves them that way. In the current versions, Fund Manager will automatically make this change for you (recording a reinvestment instead of a purchase + dist. distribution) upon retrieving transaction, but that was not an option in the 9.x versions.