Re: Correctly using Cash Account...

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In Reply to: Re: Correctly using Cash Account... posted by Wouter Stevens on April 21, 1999 at 16:29:39:

: : : 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.

Hi Wouter,
You have it figured out correctly. I think the
way it is now is probably the preferred way for
it to work in the majority of cases... You may
not always want it to go back and add transactions
for previous dates. This way you can control it
more.

Thanks,
Mark
--
Mark Beiley

Fund Manager for Windows 3.1x/95/98/NT

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