Account fee and default cash account

[Leutlwetse]

Mike,

Is there a way to get the Management fee to be automatically calculated and reflected on the executive summary report at the end of each quarter? Possibly an option to set the system to calculate and post the management fee on a quarterly or monthly basis.

At the moment I enter the fee as a account fee but this does not reduce the cash balance in my default cash account. Is there any step that I might have skipped?

Regards,

LT

[Mark]

Hi LT,

Fund Manager can automatically calculate your management fees for you, but it doesn't automatically record them. If you are importing transactions from your broker, they will come in that data feed. Otherwise, you can enter them manually.

If the fees are paid by redeeming cash you would want to record this as a "Reinvested" account fee distribution with a negative value. This will lower your cash balance. This is the same as a negative "Distributed" account fee distribution, plus a redemption for the same amount.

[Leutlwetse]

Mike,

I have just set up a second sub-portfolio and I need to add some investments manually into the new portfolio. Some of the investments are already held in the existing sub portfolio. How do I enter these into the new portfolio so that

1) any transactions recorded in one sub portfolio do not affect the stock holding in the second portfolio and

2) when i manually update prices, i do not have to enter prices for the different portfolios. I would prefer updating prices in the master portfolio and this should update all holdings in the sub portfolios.

regards,

LT

[Mark]

Hi LT,

1) You will want to create new investments, so that you can track their transactions separately from your other holding of this security. For more on this, see this FAQ:

http://www.fundmanagersoftware.com/faq_ ... tments.php

2) If you retrieve prices from a quote server or import from a file, all your investments with the same symbol will be updated. However, if you are manually entering prices, this only affects the specific investment where you manually enter them. If you have a lot, you may consider typing the prices into a text file, and then importing that text file. This way you only have to type the prices once. For example, the text file could be created with Notepad, and be something as simple as:

INTC,20.50
BP,35.25

and then you can use the "File / Import / Prices / Generic..." command. You would "Specify" the date in this dialog, and use the format string:

SYMB,NAV