tag:infinitekind.tenderapp.com,2009-01-14:/discussions/investments/374-dividendsInfinite Kind: Discussion 2016-12-28T08:39:05Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/380756622015-10-01T13:39:08Z2015-10-01T14:07:34ZDividends<div><p>Hi Raymond,</p>
<p>When a dividend is paid, the cash received is reflected in the
Cash Balance column of the investment account's register.</p>
<blockquote>
<p>...transfer the amount to my current account...</p>
</blockquote>
<p>If by 'current account' you mean the investment account that the
dividend was just paid to, then no real further action is required
on your part. If your investment account requires a Money Market
sweep fund then you <em>could</em> purchase shares of said MM fund
with the dividend so as to zero out the Cash Balance.</p>
<p>If on the other hand, 'current account' is an account other than
the investment account then you have two options:<br>
A) You can enter a Div txn to facilitate the dividend, then enter a
separate Xfr txn to transfer the funds to the desired account. To
do so, select the actual account that is to receive the funds from
the 'Transfer' field drop-down list of the txn.<br>
B) You can enter a DivXfr txn to facilitate the dividend as well as
the transfer.</p>
<p>HTH -Kevin N.</p></div>-Kevin N.