Setting up a CD
I've read what I could find about setting up a CD with MoneyDance but I'm a little lost.
I set up a new Investment account.
I set up a generic Security, type is CD share price set to $1, and APR set to my current APR, compounding set to monthly.
I did an initial BuyXfr with a custom category of Initial Holdings for (example) $2000.00 to buy 2000.00 "shares" of the CD. This was dated for the date the CD last renewed 8 months ago.
The security details page now shows that I have (example) $2000.00 of the "CD" but doesn't show the monthly compounded interest and the balance in the summary on the left sidebar says $0.00.
What have I done wrong?
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1 Posted by Tom Freeman on Dec 15, 2017 @ 05:06 PM
The App does not automatically create a monthly interest transaction.
What you can do is set up a transaction reminder to record the monthly interest as a divreinv transaction. You would edit the transaction monthly to record the exact interest.
http://help.infinitekind.com/kb/reminders-2
Tom Freeman
Infinite Kind Support
2 Posted by rbarton on Dec 16, 2017 @ 02:39 PM
I understand how that will add the interest to the investment register but why would the summary in the sidebar be $0.00 ??
3 Posted by Tom Freeman on Dec 31, 2017 @ 08:49 PM
I apologize fort the delay in this. Which version of MD are you using? Help > about MD
Can i get a screen shot of the register please. And a screen shot of the securities detail window for this CD.
Tom Freeman
Infinite Kind Support
System closed this discussion on Apr 01, 2018 @ 08:50 PM.