When a stock pays out .. where does it go?

geert's Avatar

geert

07 May, 2009 05:36 AM

I have a question on a the shares section of Moneydance. I have bought some shares at a value of 3 $. Recently they have paid out 1 $ per share to the share holders, and of course the share value is now 2 $ .

My question is : how do you book this kind of return, to still be able to track it correctly. I have put it under 'MiscInc' , that way it goes into 'Cash Balance'. But how do I take that money from 'Cash balance' back into a normal current bank account.?

Thanks for your help ! Still using Moneydance everyday ! great application ! :-)

  1. 1 Posted by John Selden on 07 May, 2009 07:03 PM

    John Selden's Avatar

    Can't you just transfer the money from your investment account to your bank account using "Xfr"? To enter a Xfr transaction in the investment account register, you select your bank account in the "Transfer" field, and enter the amount being transferred as a negative number under "Amount." That amount will be deducted from the investment account's cash balance and show up in your bank account register as a deposit.

  2. 2 Posted by Brian Adler on 07 May, 2009 08:30 PM

    Brian Adler's Avatar

    geert, You should do a Xfr as John suggests.

  3. Raimund Buchholz closed this discussion on 17 Dec, 2009 12:42 AM.

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