Home → Switching to Moneydance →

Adding my Investment Accounts

• Edit

mikeroche

28 Aug, 2015 02:16 PM

Could you please advise me how to enter my current investment bond to Moneydance.

I have set up a new investment account, and following your guide notes I opened the account in Register and then tried to enter a buy transaction but under the Action Heading I select Buy but I am unable to get out of Xfr.

Thank you

Mike Roche

1. 1 Posted by dwg on 28 Aug, 2015 09:18 PM

   

   With investment accounts you have to have the account but you also need to have the securities you are investing in.

   Hence you need to create appropriate securities and add them to the account before you can create buy or sell transactions of that security in Moneydance.

   This methodology allows you to have an investment account that hold multiple securities, think of a brokerage account where you hold shares in a number of different companies as a typical application of this.

   • Edit

2. 2 Posted by mikeroche on 29 Aug, 2015 04:42 PM

   

   Thank for your advice, I can now show buy in action.
   One other problem I haven't resolved yet is in Summary view under Investment Accounts heading it displays the current balance twice and these double figures are included in the total.

   If you could advise me it would be very helpful.

   Mike Roche

   Sent from my iPad

   • Edit

3. 3 Posted by Ben Spencer on 29 Aug, 2015 05:03 PM

   

   Could you attach a screenshot of what you are seeing?

   Ben Spencer
   Infinite Kind Support

   • Edit

4. 4 Posted by mikeroche on 29 Aug, 2015 05:47 PM

   

   Hi Ben,

   Please find attached a screenshot of my summary screen as requested.

   As you will see in my investment accounts are shown twice and the totals are
   also included in the final total for all investments.

   Could you please advise me.

    

   Thanks

   Mike

   • Summary_Screen.doc 227 KB
   • Edit

5. 5 Posted by Ben Spencer on 29 Aug, 2015 06:18 PM

   

   Hi Mike

   Your investment accounts are not shown twice. What you are seeing is the name of the investment account at the top, and then indented under each investment account the securities that account holds. In your case each investment account is only holding one type of security and you have given that security the same name as the investment account.

   Ben Spencer
   Infinite Kind Support

   • Edit

6. 6 Posted by mikeroche on 29 Aug, 2015 06:19 PM

   

   Hi Ben,

   Sorry I have checked again and although the balance for each account are shown twice, they are not included twice in the total for all investments.

    

   Thanks once again for all your help.

   I am very impressed with the program having moved from Quicken 2002.

    

   Mike

    

   From: Mike Roche [mailto:[email blocked]]
   Sent: 29 August 2015 17:42
   To: [email blocked]
   Subject: Re: Adding my Investment Accounts [Switching from another Personal Finance program #474]

    

   Thank for your advice, I can now show buy in action.

   One other problem I haven't resolved yet is in Summary view under Investment Accounts heading it displays the current balance twice and these double figures are included in the total.

    

   If you could advise me it would be very helpful.

    

   Mike Roche

    

   Sent from my iPad

   • Edit

7. 7 Posted by Ben Spencer on 29 Aug, 2015 06:52 PM

   

   The balance for each account is not shown twice. E.g.

   • Friends Life ..................................................£25,536.84

     FRIENDS LIFE .........25,536.84 shares.......£25,536.84

   The top line is the value of the investment account. This sums up the value of all securities in that account. The top line is the total of the contents of all the cash and securities you have in you investment account.

   The second line say you hold 25,536.84 share in a security called "FRIENDS LIFE" in that investment account. Those securities have a value of £25,536.84.

   The only reason these are the same is because you only have one type of security in the account and no cash.

   Only the value of the investment accounts is summed into the total for all you investment accounts at the very bottom on the summary pave.

   Ben Spencer
   Infinite Kind Support

   • Edit

8. 8 Posted by mikeroche on 30 Aug, 2015 05:13 AM

   

   Thanks a lot Ben

   Sent from my iPad

   • Edit

9. Ethan closed this discussion on 30 Aug, 2015 12:40 PM.