Transfer of a Stock
I just transferred shares of a stock from one brokerage to another. How do I record this transfer in Moneydance?
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Support Staff 1 Posted by Maddy on 10 Oct, 2023 12:58 PM
Hi Lee,
Thank you for contacting Moneydance support.
You can navigate to Extensions->Manage Extensions (when the Toolbox is already installed) you will see the option Toolbox: Move investment transactions.
You'll be asked to ensure that the Quote and Exchange Rates Updater or the Quote loader are not updating your security prices while you are moving/merging investment accounts.
In the resulting window you can choose HELP/GUIDE prior to proceed moving your investment transactions from an account to the other.
I hope this information is helpful. Please let us know if you have further questions or need more assistance.
--
Maddy, Infinite Kind Support
2 Posted by Lee Spitzer on 13 Oct, 2023 01:27 PM
Thanks, Maddy, for your reply. I tried your suggestion, printed out the dense 2 page instruction sheet, attempted the transfer, and immediately got an error message. The problem fix was simply too complicated for me to follow-up on.
So at this point I cannot show the transfer of stock.
Support Staff 3 Posted by Maddy on 13 Oct, 2023 01:52 PM
The above error indicates that you should implement a fix prior to be able to 'Move investment transactions'.
In other words, firstly you should launch the Toolbox and select Update Mode, choose MENU: Transactions tools.
Then select the ‘ FIX - Non-Hierarchical Security Acct Txns (& detect Orphans)
Restart Moneydance.
Then you should be able to repeat the steps in post 1 of this thread.
Lastly, I've added Stuart Beesley (the Toolbox developer) to this discussion as he may want to add further suggestions.
--
Maddy, Infinite Kind Support
4 Posted by Stuart Beesley ... on 13 Oct, 2023 02:02 PM
Hi, as Maddy says, you simply need to run the fix first... It's pretty much automatic....
Let us know?
5 Posted by Lee Spitzer on 16 Oct, 2023 02:55 PM
Thank you, Maddy and Stuart.
When I follow the instructions to Fix the account, it cites potential errors (none of which are incorrect) in accounts I am not seeking to transfer. I just want to move one stock to a different brokerage account. I am uneasy about doing the fix (especially when I encountered the dialog box requiring me to accept full responsibility if the fix messes things up!) since those accounts do not need to change.
I will simply keep my stock where it is and not change anything. I could "sell" in the original account and buy the same stock in the new one, but then I will not have accurate gain/loss information. That is why I will keep it where it is. Perhaps someday the transfer of a single stock to a different brokerage will be a simple Moneydance process that does not require Toolbox.
6 Posted by Stuart Beesley ... on 16 Oct, 2023 03:53 PM
If you don’t fix the data issues now, then you will undoubtedly hit a data issue later and wish you had fixed the issues before.
As for the scary message. Take a backup first. It will be fine, but if you don’t like the fix then simply restore.
Up to you.
System closed this discussion on 15 Jan, 2024 04:00 PM.