Home → Investments →

Proper classification of downloaded transactions

• Edit

netr@cer

31 Jan, 2023 01:50 AM

Post Quicken conversion I've now configured my trowe price accounts to download transactions and I want to make sure they are being entered properly.

They are downloading and showing up as:
Date=transaction date : Action=DivReinvest : Desc=short-term cap gain : Security=thesecurityname : shares=sharecount : total=transtotal : cashbal=0
TaxDate=Blank : Check#=blank : Category=blank : Price=pricepershare.

The category being blank has me a bit stumped. Is it sufficient that the Action=DivReinvest and I can leave category blank or do I need to assign a category for each transaction?

I'll add, some are short term cap gain, some long term cap gain, some plain old dividends.

Thanks in advance.

1. 1 Posted by gbonawitz on 01 Feb, 2023 01:55 AM

   

   FWIW for me when entering a DivReinvest transaction I'm forced to enter a category.. so I use Investing:Dividend.

   • Edit

2. 2 Posted by dtd on 01 Feb, 2023 03:32 AM

   

   just a user -

   You have to assign a category to every transaction. As gbonawitz suggested, you can create one as a "dump bucket" of sorts...

   • Edit

3. 3 Posted by dwg on 01 Feb, 2023 04:27 AM

   

   With Quicken an action type of DivReinv would dictate the category to use i.e. the action determines the category (and hence BTW makes it totally unusable in Australia) with Moneydance it does not do this so what happens is you either set the category or the software uses the default category that has been set for the account.

   • Edit