Adding Existing Investments to Moneydance

Dan Fardon's Avatar

Dan Fardon

06 Apr, 2022 07:26 AM

Hello Maddy,

I have created my Moneydance File and created Accounts and Income and
Expense Categories.

I intend to insert in the Moneydance file all of my transactions since 30th
June 2021, and have therefore used the 30th June balances as the Start
Balances for those accounts.
I have also created Investment Transaction Categories which conform to
those used in Australia which is where I live.

However, my present investment portfolio contains some shares I purchased
in 1998 and some shares I have purchased in many years since then.

I have been unable to get the "Adding Current Share Holdings" system to
work, so I propose to:Create a new "Investment Purchases Account" which has
a Start Balance equal to the total cost of the shares I purchased and still
held on 30th June last year.

So, do you think my system for recording my pre-30th June 2021 Share
Portfolio is the way to proceed, or can you suggest a simpler method?

I have bought some more investment shares since 30thJune last year.and paid
for them out of my current bank account. I therefore propose to record
those share purchases in that current bank account.
Also, investment share cash dividends are deposited in that current bank
account, so I can record those cash dividends in that current Bank Account

Obviously, I have yet to explore what factors Moneydance uses to calculate
Investment Performance. However, my primary concerns are Cash Dividends and
Share values..

I look forward to receiving your comments regarding my queries.

Thank you for all you are doing for Moneydance users.

Dan Fardon

  1. Support Staff 1 Posted by Maddy on 06 Apr, 2022 02:54 PM

    Maddy's Avatar

    Hi Dan,

    Adding a security to an investment account simply makes that security available for use within that investment account. Technically adding a security to an investment account creates a sub account in the investment account priced in that security as a place to hold the number of shares in that security you own.

    After you add a security to an investment account you need to enter a buy transaction to increase the number of shares you own. Go into the investment register and click the new transaction button. Set the type of the transaction to Buy.

    This will reduce the amount of cash in the investment account to pay for the buy. If you are simply wanting to reflect preexisting holdings you can set the initial cash balance of the investment account to cover these buys. To do this go into the investment account and select Edit Account from the Account menu.

    Finally, for further information, please refer to this section of the Knowledge Base.

    Maddy, Infinite Kind Support

  2. System closed this discussion on 06 Jul, 2022 03:00 PM.

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