Re: Reconcile & cash account

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Posted by Mark on January 09, 2007 at 11:23:03:

In Reply to: Reconcile & cash account posted by Tom on January 09, 2007 at 10:39:37:

: I have been using the reconcile wizard and like it - after I learned how to handle a few quirks for various online statements. However I have a problem with the settlement MMF (FDRXX) in 2 Fidelity accounts. During the reconcile process FM displays the value of FDRXX as in the FM subportfolio but nothing under the retrieved statement. All other investments are listed.

: I tried to study the OFX files (ofxretr and ofxdump). The needed data is contained in the file, though maybe not under the right XML labels. FDRXX is listed like other securities under SECLISTMSGRSV1 ...SECLIST...MFINFO. The correct value is listed under the tag INVBAL. There is no entry under INVPOSLIST...POSMF...SECID

: I can of course check the cash accounts manually, but then the reconciliation is not recorded in FM as having been done successfully.

: I do not have the problem above with Vanguard or Merrill Lynch accounts.

: Thanks for any ideas.

: Tom

Hi Tom,

In the other thread below Mark_M had sent me one of his log files from Fidelity. It appears Fidelity is not listing FDRXX as a position, like all the other securities. Instead, they put it under "Available Cash", not specifically saying which investment this belongs to. This is unfortunate, as this will result in the issue you're experiencing. I believe the correct fix is for Fidelity to report this position, along with all the other ones. You might want to call up Fidelity and voice your opinion.

Thanks,
Mark
--
Fund Manager - Portfolio Management Software

Replies:

• Re: Reconcile & cash account Tom 09:04:10 01/10/07 (1)
  • Re: Reconcile & cash account Mark 09:56:50 01/10/07 (0)