Re: Handling Cash Deposits in Default Cash Account

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Posted by Mark on August 08, 2006 at 11:17:37:

In Reply to: Handling Cash Deposits in Default Cash Account posted by Steve on August 08, 2006 at 00:31:45:

: My apologies for this basic question, but how are non-OFX-represented cash transfer desposits entered into the default cash account, long after subportfolios are created, if the default account is not in a money market or other investment vehicle with an OFX symbol? Using the New Investment box, must the default cash account be entered as Name, with Price=1 and the Shares = to the dollar credit balance added? Or is there a more expeditious way to enter new cash transfers under such conditions? When I attempted this approach, the transfer deposit shows up in the data log as a debit (e.g. $50,000 enters as (-) 50,000, whereas the initial deposit shows up as a credit (e.g. $900,000 enters as (+) 900,000.

Hi Steve,

If I understand correctly, you already have an investment assigned as the default cash account? Therefore, you would just record a purchase in this investment. Buys/sells in cash accounts normally happen at a price of $1. You don't want to create a new investment, just record a new purchase transaction in the existing investment. You can do this from within the Data Register with "Investments (all)" data type selected, or you can just right mouse click on that cash account and choose "Investment Data / Buy/Sell...".

Thanks,
Mark
--
Fund Manager - Portfolio Management Software

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