Brokerage Accounts

Rob's Avatar


26 Jun, 2023 07:44 PM

I have a brokerage account that has checking and investments. So there is a combination of checking and security holdings. Can that be entered in as one account with all the checking transactions as well as the holdings

  1. 1 Posted by -Kevin N. on 26 Jun, 2023 08:20 PM

    -Kevin N.'s Avatar

    Hi Rob,

    Look to the following Moneydance KB article:

    -Kevin N. (not a member of Moneydance Support)

  2. 2 Posted by dtd on 26 Jun, 2023 08:23 PM

    dtd's Avatar

    just a user - depends on the bank and your account.

    If the securities have an internal account number that is different from the checking account internal number, then it's pretty easy, as you map the account number and handle them as if they are separate, even if they are considered one account. (For my Schwab account, I have 3 internal numbers - checking/IRA/Roth IRA - I just map them to 3 investment accounts in MD.

    If only one internal account number, it's doable, but not as simple... and not as transparent. A MD investment account has a set of security holdings and a "cash balance"... if the checking account can map into the cash balance (which technically is a co-mingling with any security sales) then it's doable... sometimes it is not, it's a case to case situation depending on the bank.

    I'd suggest starting with looking carefully at how the brokerage account is handled by the brokerage itself.

    Hope that helps. (definitely look at the link Kevin N posted)

  3. Maddy closed this discussion on 28 Jun, 2023 12:08 PM.

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