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#2
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| Thanks. I hadn't finished step 2. I'll try it out. Zach On 3/2/06 8:31 AM, in article ejzG23fPGHA.3936[at]TK2MSFTNGP12.phx.gbl, "Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote: - quote - > What you don't mention is then entering investment transactions that define > the CDs as investments and "buy" the CDs from cash. The basic flow is: > 1) Given an Investment Account, > 2) Either Transfer cash to the Investment Account associated Cash Account > and then enter a Buy transaction in the Investment Account associated Cash > Account, > or > 2 alternate) Enter a Buy Investment/CD transaction in the original account > where the cash came from > 3) When entering the Buy transaction, define a new Investment of type CD. > Use a name something like "6 month CDs 2006-02" and enter the remaining > specifics. > You can specify the interest rate and term here. I don't believe you can > specify how often interest is deposited. Nor will Money use any of this data > to make automatic interest deposit transactions. You will have to enter > those off statements. > "Zach Rose" <zrose[at]indiana.edu> wrote in message > news:C02C5BA8.71F1%zrose[at]indiana.edu... > > When I setup a new account for a couple of CD's that I purchased I chose > > to > > make them investment accounts. The problem is that I don't see how I can > > enter the interest rate and length of term and how often interest is > > deposited. Is there a better way to setup a CD so that money can track > > all > > this information? |
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#1
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| For clarity's sake: 2) Either Transfer cash to the Investment Account associated Cash Account and then enter a Buy transaction in the Investment Account associated Cash Account that specifies the Investment Account to hold the Investment, or 2 alternate) Enter a Buy Investment/CD transaction in the original account where the cash came from that specifies the Investment Account to hold the Investment |
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| What you don't mention is then entering investment transactions that define the CDs as investments and "buy" the CDs from cash. The basic flow is: 1) Given an Investment Account, 2) Either Transfer cash to the Investment Account associated Cash Account and then enter a Buy transaction in the Investment Account associated Cash Account, or 2 alternate) Enter a Buy Investment/CD transaction in the original account where the cash came from 3) When entering the Buy transaction, define a new Investment of type CD. Use a name something like "6 month CDs 2006-02" and enter the remaining specifics. You can specify the interest rate and term here. I don't believe you can specify how often interest is deposited. Nor will Money use any of this data to make automatic interest deposit transactions. You will have to enter those off statements. "Zach Rose" <zrose[at]indiana.edu> wrote in message news:C02C5BA8.71F1%zrose[at]indiana.edu... - quote - > When I setup a new account for a couple of CD's that I purchased I chose > to > make them investment accounts. The problem is that I don't see how I can > enter the interest rate and length of term and how often interest is > deposited. Is there a better way to setup a CD so that money can track > all > this information? |
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#-1
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| When I setup a new account for a couple of CD's that I purchased I chose to make them investment accounts. The problem is that I don't see how I can enter the interest rate and length of term and how often interest is deposited. Is there a better way to setup a CD so that money can track all this information? Zach Rose |
| Tags |
| investment, setup |
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