Recording a spin-off in MS Money 2007 de luxe

#1 10-06-2007, 12:30 AM

A known problem in M07 -- it's fixed in M08 (MoneyPlus). You might want to
upgrade to it.

--
Michael Gordon

"makemp" <makemp[at]discussions.microsoft.com> wrote in message
news:7DD7D4F0-F2FF-4947-B6EA-DCA9F3942749[at]microsoft.com...
- quote -

> When I try to record a spin-off using the function that purports to do
> that,
> in the investment account Money "removes" the parent shares then "adds"
> back
> the parent shares with their assigned basis and the spun-off shares with
> their share of the basis. All well and good, if a little bit clunky (my
> guess is that the new holdings will be deemed to be acquired on the
> spin-off
> date rather than the original acquisition date).
> But here's my problem. For some reason Money seems to think that it
> should
> also decrement the associated cash account by the amount of the cost
> basis.
> This is so obviously incorrect that I must be doing something wrong, but I
> can't see what. Searches in the knowledge base and in this newsgroup have
> not helped. Could someone please enlighten me about how to do this
> transaction without affecting the balance of the cash account?
> Thanks for any help.

10-03-2007, 12:40 AM

In microsoft.public.money, makemp wrote:

- quote -

> When I try to record a spin-off using the function that purports to do that,
> in the investment account Money "removes" the parent shares then "adds" back
> the parent shares with their assigned basis and the spun-off shares with
> their share of the basis. All well and good, if a little bit clunky (my
> guess is that the new holdings will be deemed to be acquired on the spin-off
> date rather than the original acquisition date).
> But here's my problem. For some reason Money seems to think that it should
> also decrement the associated cash account by the amount of the cost basis.
> This is so obviously incorrect that I must be doing something wrong, but I
> can't see what. Searches in the knowledge base and in this newsgroup have
> not helped. Could someone please enlighten me about how to do this
> transaction without affecting the balance of the cash account?

The workaround is to do a compensating deposit into the cash
transactions account. You can leave the category blank, and record
the purpose in the memo.

#-1 10-03-2007, 12:22 AM

When I try to record a spin-off using the function that purports to do that,
in the investment account Money "removes" the parent shares then "adds" back
the parent shares with their assigned basis and the spun-off shares with
their share of the basis. All well and good, if a little bit clunky (my
guess is that the new holdings will be deemed to be acquired on the spin-off
date rather than the original acquisition date).

But here's my problem. For some reason Money seems to think that it should
also decrement the associated cash account by the amount of the cost basis.
This is so obviously incorrect that I must be doing something wrong, but I
can't see what. Searches in the knowledge base and in this newsgroup have
not helped. Could someone please enlighten me about how to do this
transaction without affecting the balance of the cash account?

Thanks for any help.

Similar Threads
Thread	Forum	Replies	Last Post
Recording spin-off correctly ATHiker95: 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...	Microsoft Money	3	05-08-2007 11:36 PM
Recording Administrative Fee on 401(k) in Money 2007 Phil: How do I records an administrative fee charged against me on a 401(k) which is charged as a number of shares for a specific price? There doesn't...	Microsoft Money	4	01-10-2007 01:44 PM
Recording Administrative Fee on 401(k) in Money 2007 Phil: What is the appropriate way to record an administrative fee charged to shares on a 401(k) in Money 2007 - an "Other Expense" doesn't allow for a...	Microsoft Money	5	01-10-2007 01:46 AM
Money 2004 Deluxe/Recording Spin-Off Jim Hammond: Hello, Can anyone tell me what is the best way to record a spin- off, i.e. MerckMedcoHealth from Merck? Many thanks, Jim	Microsoft Money	2	08-31-2003 10:14 PM

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode