Re: entering stock bought with us$, listed in c$

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In Reply to: Re: entering stock bought with us$, listed in c$ posted by jeffrey on September 29, 2005 at 19:13:12:

: : You must enter all prices and transactions into an investment in the currency assigned to that investment. You can assign it as either US $ or Canadian $, but whatever you choose, you need to use for both pricing and transactions. The currency settings are for converting entire investments from one currency to another, so if you created this stock in Canadian $, but wanted to display all your investments in US $, you could do this. You'll have to decide whether you want to track this investment in US or Canadian dollars, and then record all your pricing/transactions in that currency.

: if i understand you correctly, there isn't any way to get fund manager to accurately work with this stock. if i track it and enter buy/sells in can$ it will misrepresent the amounts when it subtracts/adds to the core money account, which is in u.s.$. if i enter the buys/sells in u.s.$, so that buys/sells are accurately represented in the core money account, then it will misrepresent the returns on the stock (the daily prices are in can$). is this correct?

: i suppose a workarount could be to enter the buys/sells without the stock being in a portfolio, while entering the subtractions/additions to the core money account manually.

Hi Jeffrey,

You could enter the buys/sells in can$, and keep the investment all in can$ for both transactions and prices. If your default cash account is in us$, the appropriate conversion will be made (based on your currency settings) to debit/credit the default cash account for the correct amount. For example, if you buy 1,000 can$ in this stock, and your exchange rate for can$ to us$ is 0.9, the default cash account in us$ will be debited $900 us$.

Thanks,
Mark
--
Mark Beiley
Fund Manager, portfolio management software for Windows 95/98/ME/NT/00/XP/2003

Replies:

• Re: entering stock bought with us$, listed in c$ jeffrey 15:48:51 09/30/05 (6)
  • Re: entering stock bought with us$, listed in c$ Mark 17:02:39 09/30/05 (5)
    • Re: entering stock bought with us$, listed in c$ jeffrey 23:40:38 09/30/05 (4)
      • Re: entering stock bought with us$, listed in c$ Mark 15:47:18 10/01/05 (3)
        • Re: entering stock bought with us$, listed in c$ jeffrey 21:16:18 10/01/05 (2)
          • Re: entering stock bought with us$, listed in c$ jeffrey 21:28:03 10/01/05 (0)
          • Re: entering stock bought with us$, listed in c$ Mark 21:22:23 10/01/05 (0)