Investment Register double entry

JL's Avatar


31 May, 2015 01:46 AM

After I downloaded recent transactions from my broker I see that there 2 entries for each transaction.

Can someone explain why this is happening?
Is a normal behavior?

Cash Balance ends up correct.
Plus I had to correct the Category from and Auto Expense category to Dividend Income.
Why it populates like this is any bodies guess.

  1. 1 Posted by Ben Spencer on 31 May, 2015 02:00 AM

    Ben Spencer's Avatar

    I do not believe you are seeing a double entry. You are seeing a dividend transaction where you receive 66.66 and then you are seeing a buy transaction, for the same amount, where this received cash is used to reinvest in the security.

    Ben Spencer
    Infinite Kind Support

  2. 2 Posted by JL on 31 May, 2015 02:10 AM

    JL's Avatar

    I think I understand.

    I do not see this type of entry in Quicken.

  3. 3 Posted by Gerald Achor on 31 May, 2015 03:44 AM

    Gerald Achor's Avatar


    You can also set the Default Category for the Account to what ever you want in the Account Info Screen/Window when you edit the Account. I imagine that your Default Category is Auto Expense which might be your first category in your Category List.

    I have my Brokerage Accounts set to my defined Taxable Dividends Category; since most of my transactions are dividends

    I know that it appears odd in some cases as the transactions are downloaded; but one can always change the category when one edits a transaction for one reason or another.

    By the way, what do you see in Quicken?


  4. 4 Posted by dwg on 31 May, 2015 05:34 AM

    dwg's Avatar

    If you are downloading and importing a QIF file the contents of the file will provide information on the way the transaction is being presented by the broker.


  5. 5 Posted by JL on 31 May, 2015 08:38 AM

    JL's Avatar

    Thanks to all
     I made the change in the Edit screen.

    The download is a Direct Connect not a QIF.

  6. 6 Posted by dwg on 31 May, 2015 09:16 AM

    dwg's Avatar

    Fair enough.

    FWIW A Dividend reinvest transaction is really just two transactions rolled into one:

    1. A Dividend Transaction and
    2. A buy transaction

    I doesn't really matter which you use. Circumstances can often dictate. For example where I am if you participate in a Dividend Reinvestment plan, a price is often struck for the shares and as there is only whole shares you are often left with a small balance which is rolled over to the next dividend payment, in which case using two transactions allows for this, and I can hold the small balance in the investment account to be added to the next dividend received.

  7. 7 Posted by JL on 31 May, 2015 11:09 AM

    JL's Avatar

    I looked at the Transaction Details for both entries.
    Most on it was the same info but each had different xfer types

    One showed xfer_type: xfrtp_buysell and the other was xfer_type: xfrtp_dividend for the Mutual Fund transaction.

    OK thanks.
    Still getting use to using MD.

  8. System closed this discussion on 19 Mar, 2016 04:55 AM.

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