Re: Accounting for Multiple Money Market Changes

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Posted by Mark on September 07, 2007 at 19:44:25:

In Reply to: Accounting for Multiple Money Market Changes posted by Steve on September 07, 2007 at 17:50:13:

: Mark,

: FM want one default cash account, but let's say a subportfolio transitions from one money market to another over the course of a year. If both of the money market accounts are downloaded in OFX, how might the user manage this transition and account for both of the money market products as a single default cash account as FM appears to require?

Hi Steve,

You could download each date range separately. Use the first money market to download all dates up to the date the money market changed. Then create a new money market investment, assign it as the default cash account, and retrieve from that date to now.

You can only have 1 default cash account at a time, but you can change it at any time.

Thanks,
Mark
--
Fund Manager - Portfolio Management Software

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