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Cash account- buy or transfer in

General questions about using Fund Manager that do not fit into any other forum.

Postby paullayzell » Wed Nov 15, 2023 8:49 am

Hi all

I have trying to work out the difference in reports and graphs when you use 'buy' or 'transfer in' when adding cash to a cash account. Can anybody summarise?

thanks
Paul
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Postby Mark » Wed Nov 15, 2023 3:13 pm

Hi Paul,

The only reason to use a Transfer In over a Buy is if you need to separate the purchase cost from the tax basis. Usually this isn't something needed in cash, so I'd suggest just always using a Buy instead of a Transfer In when adding cash to a cash account.
Thanks,
Mark
Fund Manager - Portfolio Management Software
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