Re: importing bank account transactions
[ Q2 03 - Q4 05 Archive ]
[ Current Message Board ]
[ Archives ]
[ Search ]
Posted by Mark on February 09, 2004 at 09:12:38:
In Reply to: importing bank account transactions posted by seth on February 09, 2004 at 01:58:13:
: hi everyone,
: i am evaluating shifting to FM. i have one nagging doubt that can be clarified by someone knowledgeable about FM:
: background-
: i transact through 3 different brokers to execute my trades. each broker requires me to maintain a cash account with them which they credit or debit based on my trade activity. these broker cash accounts are funded by me through 3 different and mutually exclusive bank accounts.
: the 3 bank accounts allow me to download the bank statements as a text file. : query-
: a- can i import these 3 bank accounts and link the transactions between each of them and their related brokerage cash accounts
: b- can i specify a different brokerage cash account for auto adjustments against the trades in each of these 3 brokerage accounts
: c- i also make some direct investments from the 3 bank accounts by way of loans and or direct debt. can i set such transactions to auto adjust the bank account : if doable, what is the best way to implement these : thanks
: seth Hi Seth, a) You can import transactions into Fund Manager from either Quicken
Interchange Format (*.QIF) or just regular text files. What format does
your bank provide your transaction data? b) Yes, you would create 3 different portfolios. Each portfolio can have
its own default cash account assigned to it. See "Options/Preferences.../
Other/Default Cash Account". This setting is memorized when you save your
portfolio. c) If these just show up as withdrawals (or deposits) to your bank account
cash balance, then these would just be buys/sells into your cash account. Thanks,
Mark
--
Mark Beiley
Fund Manager, portfolio management software for Windows 95/98/ME/NT/00/XP
Replies:
|