[moneydance] Transfer Securities

[William Callahan]

You guys are not doing anything wrong, as Moneydance is definitely  
missing this very important functionality, especially with the recent  
capital gains reporting improvements now available in the software.  
There needs to be an ability to transfer securities from one account  
to another. I have filed several Trac reports over the years for this  
same issue. Sean, can you provide any input on this? Anyone else?

William

Transfer Securities?
jessewclark
New Member

Transfer Securities?
Feb 21st, 2008, 6:12pm I have transferred securities multiple times in  
the last year between different investment accounts.  In the  
Moneydance investment account options, there does not seem to be a way  
to transfer securities.  Is there a way to do this that I'm missing?


(I know you can sell them in one account, transfer the funds to the  
other account, and then buy them again, but that throws off any  
calculation of the cost basis.  Not to mention that it might reflect a  
taxable event (capital gains) that didn't actually occur.  Both of  
those things mess with my record-keeping.)
Back to top	  Email | WWW   IP Logged
mano80s
New Member

Re: Transfer Securities?
Reply #1 - Mar 17th, 2008, 3:53am I have this exact issue that I'm  
hoping someone can answer.  My company switched 401k companies at the  
end of 2007.  I have the transfer transactions when I downloaded from  
the new 401k company.  The shares for this "initial" transaction are  
the exact same as the ending shares from the previous 401k company.  I  
must be missing something, because I can't figure out how to just  
transfer the shares.  I could probably do what jessewclark  
mentions ... but like he says ... that might throw off other numbers  
adversely.  Anyone have any ideas?
Back to top	    IP Logged
hedwards
New Member

Re: Transfer Securities?
Reply #2 - Apr 16th, 2008, 6:36pm I'm having largely the same problem.  
The basic reason for these difficulties is the method of accounting  
that moneydance uses. Every transaction is a transfer between two  
accounts.

Basically what I'm doing, and this is a pain, is I balance it myself  
where need be. I typically have a few positions which were already  
opened before I started keeping track, those I record manually as buys  
at the original price, whether right or wrong.

Next I take that amount of money and set that to the starting balance.  
Note that if there's cash sitting there beforehand that should be  
included as well.

And now back to the topic at hand, in these cases you're probably  
getting headaches.

Basically what you're probably going to need to do is use the BuyXfr  
or SellXfr to move the securities. That will make moneydance assume  
that the money to pay was transferred from another account.

I'm using the BuyXfr option myself, so then I'm left with a debit to  
the previous account, which I cover for buy adding a dummy sale for  
that amount, and I memo it as such.

But, I'm left to wonder if there isn't a better way of doing this,  
because even on a small number of equities, it's a real pain.

I'm rather tempted to ask for a equities transfer option which does  
that stuff in a less messy way. Hopefully somebody can come up with a  
better way of doing it, there's also the possibility of putting  
together an extension for this.
Back to top	    IP Logged