≡	Fund Manager PORTFOLIO MANAGEMENT SOFTWARE

Re: partley paid shares

[ Message Board ] [ Archives ] [ Search ]

Posted by Mark on January 20, 2006 at 09:18:43:

In Reply to: partley paid shares posted by george on January 20, 2006 at 00:13:55:

: I purchaced some shares for a installement of $0.50 cents with a final instalement of $0.50 twelve months later. how do I get fundmanager to account for the second installement as the no of shares does not change.

: regards

:
: George

Hi George,

Fund Manager really doesn't have support for this type of situation. One idea for how to handle it though would be to record the initial purchase at $1, and also deposit $0.50 cents into your cash account. When the second installment is made, withdraw the $0.50 cents from your cash account. This way, it looks like an interest free loan to your cash account, which sounds like essentially what has happened.

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

Replies:

| | | |