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Old 09-18-2008, 12:28 AM
Cal Learner-- MVP
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Default Re: Spinoffs

In microsoft.public.money, Nancy wrote:

- quote -

> I am having serious problems posting spinoffs, especially if the original
> company has more than one purchase lot. After I finish going through the
> spinoff routine, the "Add Shares" portion deducts the adjusted cost from
> cash, (as if it were a stock purchase not an Add share)which it should not
> do. Spinoffs don't usually affect cash, only an adjustment in basis between
> the original company and the new spinoff company.
> The only way I can figure out to get around this is to delete the spinoff
> and record it manually, which is a pain! Can you fix this?


Based on your symptom, I think you are using Money 2007. They fixed
that in Money Plus.

So what you need to do to work around this is to make a single
Deposit in the cash transactions register to compensate for the sum
of all of those transactions. I would leave the category blank
unless you want to use a category associated with adjustments. State
the purpose of the transactions in the Memo.
  #-1  
Old 09-17-2008, 11:10 PM
Nancy
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Posts: n/a
Default Spinoffs

I am having serious problems posting spinoffs, especially if the original
company has more than one purchase lot. After I finish going through the
spinoff routine, the "Add Shares" portion deducts the adjusted cost from
cash, (as if it were a stock purchase not an Add share)which it should not
do. Spinoffs don't usually affect cash, only an adjustment in basis between
the original company and the new spinoff company.
The only way I can figure out to get around this is to delete the spinoff
and record it manually, which is a pain! Can you fix this?
--
Nancy M Reynolds
Reynolds Financial Services, Inc
1602 Princeton Road
Richmond, VA
 

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