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Old 11-23-2003, 05:01 AM
Cal Learner-- MVP
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Default Re: Tracking IRA activity in Money 2004

In microsoft.public.money, Spence wrote:

- quote -

> I recently bought Money 2004 and also setup an IRA. I
> want to be able to track the activity in this account
> wiht Money. The account activity is pretty simple. It
> consists of receiving dividends and then reinvesting
> those dividends.


It would be best to start with Buys to reflect previous activity. If
you don't have the info or don't want to enter it, do a single Buy.

If you put in the value of the account as the initial balance, the
single catch-up Buy should bring the cash balance to zero.

- quote -

> Does anyone have a strategy for tracking this with Money
> 2004? I have the IRA setup as a retirement account.
> Should I enter the dividends in the Cash Transactions or
> Investment Transactions area?


Investment Transactions area

You can enter ReinvestDividend transactions, or a separate Dividend
and a Buy transaction.

When you enter a Buy of mutual fund shares, it is best to enter the
Total and the Quantity. Let Money compute the price.

 
Old 11-23-2003, 04:07 AM
Dick Watson
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Posts: n/a
Default Re: Tracking IRA activity in Money 2004

Sounds like you are on the right track.

Enter dividends in the investment account. If reinvested, use Reinvest
Dividend. If paid out to a cash account, use Dividend and transfer the
proceeds to the cash account. You might want to look in the sample file to
see how things are done there.

"Spence" <soliver1[at]austin.rr.com> wrote in message
news:426601c3b175$846d2020$a601280a[at]phx.gbl...
- quote -

> I recently bought Money 2004 and also setup an IRA. I
> want to be able to track the activity in this account
> wiht Money. The account activity is pretty simple. It
> consists of receiving dividends and then reinvesting
> those dividends.
> Does anyone have a strategy for tracking this with Money
> 2004? I have the IRA setup as a retirement account.
> Should I enter the dividends in the Cash Transactions or
> Investment Transactions area?



  #-1  
Old 11-23-2003, 02:54 AM
Spence
Guest
 
Posts: n/a
Default Tracking IRA activity in Money 2004

I recently bought Money 2004 and also setup an IRA. I
want to be able to track the activity in this account
wiht Money. The account activity is pretty simple. It
consists of receiving dividends and then reinvesting
those dividends.

Does anyone have a strategy for tracking this with Money
2004? I have the IRA setup as a retirement account.
Should I enter the dividends in the Cash Transactions or
Investment Transactions area?

Thanks,
--Spence
 

Tags
2004, activity, ira, money, tracking
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