Re: Transfer of funds
In Reply to: Re: Transfer of funds posted by Mark on April 10, 2000 at 22:50:19:
: : : : Hi Mark.
: : : : Here's one I can't figure out...
: : : : I have a cash and stocks (mixed) portfolio. I transferred certain cash accounts from one bank to another. I had the original accounts entered as investment files. So I created new investment files for the new bank accounts, closed the investment files for the old bank (thereby removing this data from the portfolio), and showed a "buy" of matching amounts in the new bank investment files. Now while the bottom line is right, my cost/value graph shows an increase in my cost base because no "sell" from the old files exist. In other words,it looks like I injected extra cash to the tune of the transferred amounts, and throws the cost/value spread out of balance, whereas the costs base has actually not changed at all.
: : : : I know I can keep the old bank files in the portfolio, showing the transfers as a "sell" in them matching the "buy" in the new files, but that means keeping - in this case - 4 zero balance files in my portfolio, eating up precious desktop space.
: : : : Is there a way to enter the data so that my cost base remains the same without the old files remaining open? For instance, should I have just renamed the old investment files from "bank 1" to "bank 2"? If so, that would leave the historical data of bank 1's file mixed in with the new stuff for bank 2, such as interest payments, service charges, etc., wouldn't it?
: : : : Thanks in advance, and as always your help is very much appreciated.
: : : : Kim
: : : Hi Kim,
: : : 1) Create the new bank2 account, and then record the sell in bank1 and buy
: : : 2) The other option is to just rename bank1 to bank2. If you wanted, you
: : : Thanks,
: : Mark:
: : The second option isn't available because I combined a couple of accounts into one. As for the "hidden" option, I've gone to Invesment Properties/Other and checked the "hidden" box and applied, but the display remains visible. Any idea why?
: : Kim
As always, the solution was simple. Nope, didn't have it turned off.
Again, I really appreciate your help!
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