Cant eliminate "security" in an interest transaction

dantdavis's Avatar

dantdavis

18 Mar, 2020 07:33 AM

Now that I'm using Moneydance daily, I guess I'm running into learning issues.

I do get interest on the cash in my Schwab account, The QIF imports did what I needed... no security in transaction, and it just adds to my cash balance.

But the entry today refuses to allow me to have no security in the transaction. I have to choose one. No blanking out.
Any help here?

  1. 1 Posted by dwg on 18 Mar, 2020 07:48 AM

    dwg's Avatar

    Typically the Investment Houses hold cash in a Money Market Account. so you can create a security called something like Money Market and record the interest against that.

  2. 2 Posted by dantdavis on 18 Mar, 2020 08:14 AM

    dantdavis's Avatar

    True, and that's what I will probably do. But I will have to distinguish between the actual money market account and the cash holdings. Can do.

    Still wonder why it was allowed in the QIF import, but not in a new transaction. i.e. it IS and can be done with nothing there, but you can't add a new one.

  3. 3 Posted by dwg on 18 Mar, 2020 08:29 AM

    dwg's Avatar

    The QIF import allows for some thing that you cannot do manually because of the way some transactions are handled in other software, for example set up a category in Moneydance and you cannot mix Income and expense categories, but bring in an imported file and it can and does happen.

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