"Ghost" transactions created in investment account when funds come from an account not in Moneydance

wa1oui's Avatar

wa1oui

15 Apr, 2021 11:16 AM

Yesterday I did a Direct Connect download and received a Buy transaction that I made from Vanguard. I do not have an associated bank account for the fund as the funds come from an account outside Moneydance.

Today MD downloaded from Vanguard a supposed Xfer transaction from one of my checking accounts into the Vanguard account for the same amount as the Buy transaction. In my checking account there was no "o" to indicate it was a bank transaction, while there WAS that indicator in the Vanguard account and the transfer field indicated the name of my checking account. How to you set up investment accounts when you fund them from outside Moneydance?

I just checked and the default category for that investment account is blank.

  1. 1 Posted by wa1oui on 20 Apr, 2021 02:15 AM

    wa1oui's Avatar

    bump... any thoughts?

  2. 2 Posted by wa1oui on 27 Apr, 2021 10:59 AM

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    No one???

  3. 3 Posted by nospam on 27 May, 2021 10:53 PM

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    Why couldn't you just create an account called, "outside accounts" for accounts not in MoneyDance. Then you have an accurate accounting of all the transactions in and out of whatever is not in Moneydance. If it was ever necessary, those transactions could be matched to the transactions recorded elsewhere.

  4. 4 Posted by dwg on 27 May, 2021 11:04 PM

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    I'm a fellow user

    Moneydance follow account rules, this mean that fund cannot just appear or disappear. So funds coming to or going from an account in Moneydance must appear in an another account or category in Moneydance.

    You see this in normal expenses in Moneydance when you associate them with a category. You can also create categories for fund coming to and from Moneydance from something outside of Moneydance.

  5. 5 Posted by wa1oui on 28 May, 2021 02:28 AM

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    All this is fine and makes sense, except for the fact that I never had this problem until 2 months or so ago. I really don't care if the "bank" in the investment account has bogus amounts in it as long as the number of shares and price are correct. I've been doing this for ages and only recently did it put a transaction into once of my normal checking accounts. That's where it becomes a problem.

  6. 6 Posted by dwg on 28 May, 2021 05:38 AM

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    A buy type of transaction in an Investment account has only a small number of possibilities that I can think of.

    1. If it is a "Buy" it will draw money from that account (if in credit) or place it in debt if there are no funds in the account.

    2. If it is a BuyXfr it will draw the Moneydance from another account or category.

    They are the only two things Moneydance knows how to do, which is does depends on the transaction that is downloaded.

  7. 7 Posted by wa1oui on 28 May, 2021 09:15 AM

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    These come in as direct download "Buy" transactions and do keep decreasing the cash balance of the investment account. I'll report back in several weeks after the next transaction.

  8. System closed this discussion on 27 Aug, 2021 09:20 AM.

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