Re: Correctly using Cash Account...

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In Reply to: Re: Correctly using Cash Account... posted by Mark on April 18, 1999 at 21:45:51:

: : Hi,

: : To have a more accurate picture of my portfolio, I wanted to use a "cash account" as part of my portfolio. To achieve this, I defined a new investment "Savings" of the type "Cash", Investment Goal "Income" and Asset Type "Money Market" (had to type something...) and chose 1 EUR (being a European user) as share price and quantity 25000. I then selected this new investment in Options/Preferences/Other as the "Default Cash Account". From the help file, I understood that this cash account would be used for debit/credit operations whenever buy/sell operations on other investments were done. Well, instead the cash investment was just added to my portfolio as a fixed amount that did not change when other stock was bought or sold.

: : So my question: where did I go wrong?

: : Regards,
: : Wouter.

: Hello Wouter,
: Sounds like you did everything right. Did
: you save your portfolio after adding
: this investment and assigning it as the default
: cash account? If you do a buy/sell/distribution
: transaction in any other investment in this
: portfolio, you should have those funds
: added to / removed from the cash account.

: Thanks,
: Mark
: --
: Mark Beiley
:
: Fund Manager for Windows 3.1x/95/98/NT
:
:

Hi Mark,

The reason for Cash Account apparently not working is that only the new buy/sell transactions are added/subtracted from the cash account. FM does not look back to previous transactions. In my situation, I had a portfolio with a number of transactions and I created a new investment, the cash account, with an initial "purchase" date older than any other transaction date. I had hoped that FM would then go through all buy/sell transactions of all investments in that portfolio and update the cash account, but it did not. I had to re-enter all transactions for FM to update the Cash Account. Any plans for changing this?

Regards,
Wouter.

Replies:

• Re: Correctly using Cash Account... Mark 22:51:08 4/21/99 (0)