Re: Feature Request: Nomenclature for Stock Transfers

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Posted by Mark on January 05, 2007 at 16:30:42:

In Reply to: Feature Request: Nomenclature for Stock Transfers posted by SS on January 05, 2007 at 16:21:30:

: Mark,

: FM ought to be able to distinguish an asset buy/sell from an asset transfer, and this is unfortunately not possible as the software currently functions unless I am missing something.

: As the software currently functions, one must mark a 'buy' when stocks are transferred into a portfolio/subportfolio. Subsequently, the commensurate balance is deducted from the money market portion of a particular account --a compounded inaccuracy that might be eliminated if the software accounted properly for 'transfers' and other such variations of marking to market.

: Not a terribly big deal, but leads to needless accounting errors...Please consider adding a transfer function, in addition to 'buy' and 'sell' functions.

Hi SS,

Thanks for the feedback. I agree with you, this is a needed feature. It almost made it into 8.x, so hopefully it will indeed make it into 9.x. When transferring shares out (sell) these would be excluded from capital gain reports, and proceeds would not be deposited into a cash account. When transferring share in (buy) the money would not be deducted from the cash account.

Thanks,
Mark
--
Fund Manager - Portfolio Management Software

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