tag:infinitekind.tenderapp.com,2009-01-14:/discussions/investments/644-need-accounting-info-on-how-to-post-investmentsInfinite Kind: Discussion 2016-04-06T01:00:26Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/388193442016-01-03T20:14:19Z2016-01-03T20:14:19Zneed accounting info on how to post investments<div><p>I am assuming that you have yet to set up the investment
account. My suggestion is to download the User Guide and read the
chapter on investments You can scroll down our knowledge base and
get to the FAQ's on investments.</p>
<p>If after beginning the set up of the investment accounts based
on the user guide instructions you have specific questions, please
let us know and we will do our best to advise.</p>
<p>Tom Freeman<br>
Infinite Kind Support</p></div>Tom Freemantag:infinitekind.tenderapp.com,2009-01-14:Comment/388193442016-01-03T22:48:45Z2016-01-03T22:48:45Zneed accounting info on how to post investments<div><p>Correct. Nothing has been set up yet. Like I said this is more
of an accounting or understanding investments problem so the MD
help guide will not help with what I need to begin.</p>
<p>I think I will just ignore the setup of investment accounts. It
would be too difficult to enter all the historical transactions. I
guess I will just post the sale of stocks and the annuity as income
and leave it alone.</p></div>pypeketag:infinitekind.tenderapp.com,2009-01-14:Comment/388193442016-01-06T00:58:50Z2016-01-06T00:58:50Zneed accounting info on how to post investments<div><p>The instructions in the user's guide can help you set up your
initial balances/holdings of your investment account. Since its the
beginning of the year you can use the year end statement to enter
your holdings at the cost basis.</p>
<p>The basic steps would be to<br>
1 set up investment account. Account > new account<br>
2 Add the securities you own to the investment account. The best
method is to go into the account investment register use the action
button on the top right and the "add security" function. Do this
for each security you own.<br>
3 Do a buy transaction for each security you own for the total
shares you own and the total cost basis as the transaction
total.<br>
3 Add an initial balance to the account to zero out the buy sales u
just made. Account > edit account. There is an initial balance
field. Put the negative cash balance fro the transaction register
plus whatever money market/cash balance the account has.</p>
<p>After this you should be able to use the portfolio view to
confirm that your holdings match your statement. You can either
download the security price extension for manual price updates or
the Quotes an exchange extension for online price updates updates.
to do this go to extension > manage extensions.</p>
<p>Depending on whether your broker support online downloads, you
may be able to download your transactions. Set this up by going to
Online > set up online banking. Your broker may also allow
ofx/qif downloads of you account history from the brokers website.
This can be imported into your MD investment account.</p>
<p>At the very least once you get you investment account set up you
can manually update the account from your periodic statements.</p>
<p>Tom Freeman<br>
Infinite Kind Support</p></div>Tom Freeman