Divenden is doubled in cash?
I imported my Quicken QIF and somehow my dividend payout is doubled in cash. I can correct this but why is this happening.
For example
Dividend payout is 12 euro. It is doubled in cash value to 24 euro
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1 Posted by Stuart Beesley ... on 06 Mar, 2021 05:01 PM
What Txns are being created?
2 Posted by Patrick P on 06 Mar, 2021 05:16 PM
None, only a DivXfr and Xfr. the amount is for example 50 and cash is the 100
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Support Staff 3 Posted by Ethan on 06 Mar, 2021 10:31 PM
Could you post a screenshot of one of these?
Ethan
Infinite Kind Support
4 Posted by dtd on 06 Mar, 2021 10:51 PM
This is a long term issue for QIF imports. Moneydance does not properly import all action entries, especially for investment accounts. I brought this up in November 2019, and it still exists as a problem.
There is a VERY VERY long thread on this topic - primarily associated with how to make everything work. Given its length, I will point you to it if you ask (or search for vicissitudes)
just a user
5 Posted by Patrick P on 06 Mar, 2021 10:57 PM
[cid:198FBF2A-B276-4EB5-9D80-ADA1AF388BD3-L0-001]
Sent from my iPhone 11 Pro
On 6 Mar 2021, at 23:31, Ethan <[email blocked]> wrote:
6 Posted by dtd on 06 Mar, 2021 11:02 PM
Yep - that's exactly what happens on a QIF import of action items like that into an investment account.
One line from my Nov 2019 thread:
"In fact it is doubly bad, as it ends up being a BUYXFR in Moneydance, so that ends up doubling the cash change."
just a user
7 Posted by Patrick P on 06 Mar, 2021 11:21 PM
I corrected it by doubling the corresponding Xfr entry. This also corrected my corresponding bank account balance.
Also had some issues with split transactions but i corrected them.
Sent from my iPhone 11 Pro
On 7 Mar 2021, at 00:02, dtd <[email blocked]> wrote:
8 Posted by dtd on 06 Mar, 2021 11:47 PM
Great! Good luck using moneydance.
9 Posted by Patrick P on 07 Mar, 2021 08:20 AM
Thx, just checked how many there where. It were only about 10 dividend items. I just entered them manually and deleted all the double items which I already corrected.
I really like the syncing of Moneydance. With Quicken I have to copy the files with Onedrive between computers. Furthermore, Quicken is more for the US market and some options just don’t work with euro accounts like the mobile app.
Have a nice Sunday and thx for your advice and posting information.
System closed this discussion on 06 Jun, 2021 08:30 AM.