Recording spin-off correctly

#2 05-08-2007, 11:36 PM

In microsoft.public.money, ATHiker95 wrote:

- quote -

> On May 8, 3:45 pm, Cal Learner-- MVP <via_newsgr...[at]please.tnx> wrote:
> > In microsoft.public.money, ATHiker95 wrote:
> > > I'm a bit confused on how to handle this. Recently I bought some MO
> > > and it spun-off a proportion of that so I now have shares of KFT. I
> > > followed the wizard and it seemed to do everything properly. But when
> > > looking at my portfolio holdings then, I noticed the balance had
> > > dropped by about 2K. In looking futher , I noticed this 2K was
> > > sitting in the "Contributions" section and was making my portfolio
> > > look like it was missing that 2K. When I click on "Edit", I see it
> > > used the "Add Shares" to add the spin-off shares. I don't know how to
> > > get the money out of Contributions and actually into my portfolio
> > > without changing the Add Shares to a "Buy" which would do the trick,
> > > but when I try that, Money pops up a warning about how this might mess
> > > with my basis,etc. Should I proceed anyway? I want my portfolio
> > > totals to be correct, obviously.
> > > Presumably you used Money 2007 Deluxe or above. Work around the
> > problem by adding a compensating Deposit transaction to the
> > Cash/Contributions account.
> What would I enter on the "From" line? Just make up something? Also
> what category would I enter? Would the category be an Income or
> Expense category? I appreciate the help with this!

You could leave the Payee blank.

I have a category called adjustment. You could create such a
category if you don't have one already.

Put in a memo that this is a workaround for the spin-off handling.

#1 05-08-2007, 07:58 PM

On May 8, 3:45 pm, Cal Learner-- MVP <via_newsgr...[at]please.tnx> wrote:
- quote -

> In microsoft.public.money, ATHiker95 wrote:
> > I'm a bit confused on how to handle this. Recently I bought some MO
> > and it spun-off a proportion of that so I now have shares of KFT. I
> > followed the wizard and it seemed to do everything properly. But when
> > looking at my portfolio holdings then, I noticed the balance had
> > dropped by about 2K. In looking futher , I noticed this 2K was
> > sitting in the "Contributions" section and was making my portfolio
> > look like it was missing that 2K. When I click on "Edit", I see it
> > used the "Add Shares" to add the spin-off shares. I don't know how to
> > get the money out of Contributions and actually into my portfolio
> > without changing the Add Shares to a "Buy" which would do the trick,
> > but when I try that, Money pops up a warning about how this might mess
> > with my basis,etc. Should I proceed anyway? I want my portfolio
> > totals to be correct, obviously.
> Presumably you used Money 2007 Deluxe or above. Work around the
> problem by adding a compensating Deposit transaction to the
> Cash/Contributions account.

What would I enter on the "From" line? Just make up something? Also
what category would I enter? Would the category be an Income or
Expense category? I appreciate the help with this!

Thanks,
Mark

05-08-2007, 07:45 PM

In microsoft.public.money, ATHiker95 wrote:

- quote -

> I'm a bit confused on how to handle this. Recently I bought some MO
> and it spun-off a proportion of that so I now have shares of KFT. I
> followed the wizard and it seemed to do everything properly. But when
> looking at my portfolio holdings then, I noticed the balance had
> dropped by about 2K. In looking futher , I noticed this 2K was
> sitting in the "Contributions" section and was making my portfolio
> look like it was missing that 2K. When I click on "Edit", I see it
> used the "Add Shares" to add the spin-off shares. I don't know how to
> get the money out of Contributions and actually into my portfolio
> without changing the Add Shares to a "Buy" which would do the trick,
> but when I try that, Money pops up a warning about how this might mess
> with my basis,etc. Should I proceed anyway? I want my portfolio
> totals to be correct, obviously.

Presumably you used Money 2007 Deluxe or above. Work around the
problem by adding a compensating Deposit transaction to the
Cash/Contributions account.

#-1 05-08-2007, 07:39 PM

I'm a bit confused on how to handle this. Recently I bought some MO
and it spun-off a proportion of that so I now have shares of KFT. I
followed the wizard and it seemed to do everything properly. But when
looking at my portfolio holdings then, I noticed the balance had
dropped by about 2K. In looking futher , I noticed this 2K was
sitting in the "Contributions" section and was making my portfolio
look like it was missing that 2K. When I click on "Edit", I see it
used the "Add Shares" to add the spin-off shares. I don't know how to
get the money out of Contributions and actually into my portfolio
without changing the Add Shares to a "Buy" which would do the trick,
but when I try that, Money pops up a warning about how this might mess
with my basis,etc. Should I proceed anyway? I want my portfolio
totals to be correct, obviously.

Thanks,
Mark

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