Money Market Fund Account

foster98026's Avatar

foster98026

15 May, 2024 08:28 PM

I have an investment account with Money Market Fund (cash for settlement fund). When I imported the balance, it shows it is a security account. When I selected Edit Security button, in "security detail" window, I do not find CASH in the Type, except stock, mutual, Others, etc. Even if I choose "Other", I can only enter the transaction in "share" and "price" in Register and it does not show as cash

Can someone inform me how to convert Money Market Fund to show it as cash or bank account? Thanks

Foster

  1. 1 Posted by dwg on 15 May, 2024 10:59 PM

    dwg's Avatar

    For the securities you cannot add another Top level type. however in the account if you set the Type to Other, you can add a subtype of Cash for the security.

  2. 2 Posted by foster98026 on 16 May, 2024 01:05 AM

    foster98026's Avatar

    I followed your advice. There is no change to show the nature of cash
    Foster

    On Wed, May 15, 2024 at 3:59 PM dwg <[email blocked]> wrote:

  3. 3 Posted by dwg on 16 May, 2024 03:05 AM

    dwg's Avatar

    The only place that actual cash appears as a balance is in the base investment account. With downloads like OFX data can only be loaded into the specific account type that the download indicates.

    What most people seem to do with Money Market funds is to create a security for them and all purchase and sell transactions are executed with a buy/sell price of 1.00.

Reply to this discussion

Internal reply

Formatting help / Preview (switch to plain text) No formatting (switch to Markdown)

Attaching KB article:

»

Attached Files

You can attach files up to 10MB

If you don't have an account yet, we need to confirm you're human and not a machine trying to post spam.

Keyboard shortcuts

Generic

? Show this help
ESC Blurs the current field

Comment Form

r Focus the comment reply box
^ + ↩ Submit the comment

You can use Command ⌘ instead of Control ^ on Mac