How Do I Record Additional Purchases?
To record additional purchases of a mutual fund account, take the following steps:
1. Display the investment account register.
Click the Accounts & Bills link, and then select Account List so that Money displays the Pick An Account To Use window. Then click the investment account.
Money displays the account register for the mutual fund.
2. Tell Money you want to record a purchase.
To indicate that you want to record the purchase of additional mutual fund shares, click the Investment Transactions link. Money then adds the transaction entry area to the bottom of the account register. To record a new transaction, click the New button. Money then opens up boxes, or fields, in the transaction entry area that you can use to record the purchase.
3. Describe the investment purchase date.
Enter the purchase date in the Date box. Enter the date directly into the box, or click the box's button to display a pop-up calendar that you can use to pick a date.
4. Identify the mutual fund investment.
Click the Investment box's button, and select the mutual fund you are purchasing from the list of mutual funds.
5. Identify the transaction as a purchase.
To do this, click the Activity box's button and select Buy from the list of typical
investment transactions. Money then adds several additional boxes to the transac- tion entry area.
6. Identify what money you are using for the purchase.
Use the Transfer From box to identify the account you are using to purchase the shares. For example, if you are going to write a check to purchase additional shares, name your checking account here.
7. (Optional) Provide a memo description.
Describe the transaction in the Memo box. For example, you might want to describe why you are investing the money or perhaps note the specific source of the funds.
8. Describe the number of shares purchased.
Enter the number of mutual fund shares you've purchased in the Quantity box.
9. Indicate the price you paid per share.
Enter the exact price you paid for each share in the Price box.
NOTE You can describe prices using either decimal value or fractions. For example, you can enter the price $10 and an eighth of a dollar either as 10.125 or as 10 1/8. Money understands both decimal and fractional prices.
10. Describe the commission.
Enter any commission you paid in the Commission box. Click the Commission box's button to display a pop-up calendar you can use to calculate the commission.
11. Confirm the total purchase amount.
After you have entered the quantity, price, and commission amounts, Money
calculates the total purchase amount. Confirm that the total purchase amount agrees with whatever your mutual fund company reports on the confirmation statement.
NOTE Money will calculate any one of the following four variables based on the other three: quantity, price, commission, and total. You can leave any one of these blank, and as long as you enter the other three, Money calculates the missing piece of data. While the preceding set of instructions describes entering the quantity, price, and commission amounts and then assumes you let Money calculate the total, you may also want to enter the quantity, commission, and total amounts and let Money instead calculate the price. This approach some- times works better when your mutual fund company keeps more precise records of fractional shares than does the Money program.
12. Record the purchase in the register.
After you describe the purchase of shares, click the Enter button. Money records the purchase transaction in the investment account register.
Related Tags: microsoft money
CPA Stephen L. Nelson is the author of do it yourself kits for Incorporating in Indiana, Indiana S corporation, and Indiana limited liability company.
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- 8 Differences Between Traditional Businessmen And Entrepreneurs
The difference between traditional businessmen and entrepreneurs is not huge-it could be a thin-line - Airless Container Packaging Technology
The choice of an airless container wasn't an impulsive decision for many brand marketers nowadays. T - Laser Processing Of Metals
You may have known that lasers produce very powerful and exact beams of light. As a result, they can - Titanium Metal Powder
Have you ever thought about that how a heavy aircraft can fly high in the air without falling to the - Race To Icd-10 In Healthcare Outsourcing
Healthcare organizations are running a race against time to achieve ICD-10 compliance in medical bil - Benefits Of Tig Welding Machines - The Leading Special Welding Machines
The TIG welding process allows a welder exacts controls which result in a clean weld blob. TIG weldi - Full Time It Support Or Flexible It Support?
When you're choosing what type of IT support to take on for your business, it can be tricky to deter - The Best Sticker Products - Vinyl, Motorcycle & Helmet Stickers
Are you looking for some of the really best sticker printing products? If yes, then it is none other - Jobs At Home: 5 Practical Tips That Will Help Work-at Home Moms Get Organized
As a work at home mom who has successfully been doing it for quite a while now, I have realized that - Choose A Right Virtual Assistant Company For Your Staffing Difficulty
If you simply waste your precious time on daily routines that can easily assign to an employee, Virt
Most viewed articles in this category:
- Discover How to Entertain on a Budget
To most people these two words, entertain and budget, are miles apart. But they don't have to be. Wh - Six Reasons the Merlin Magix is Ideal for your Business
Why the Merlin Magix Phone System Integrated Phone System is ideal as your business phone system - Indian IT's Off-shore Gains
recent revised guidance of Satyam Computer Services (Satyam), the over $1-billion Indian IT se - 7 Sure-Fire Time Management Tricks To Get More Done
Do you know why you don't get all the stuff on your to-do list done? Sometimes it's as sim - How to be Successful in Business
Starting a business and making it work is the primary purpose for having a business to begin with. I - Setting Up a Decorative Painting Portfolio - How Do You Do It?
Setting up a professional looking portfolio is essential to impressing and obtaining clients as they - Home Business Taxes-How To Stop Taxes In Your Home Business From Sneaking Up On You
"Sixty thousand dollars? You guys are joking right?" I had just completed my first year of being fai - The #1 Small Business Phone System
T h e N o . 1 s m a l l - b u s i n e s s phone s y s t e m . . . s i m p l y p o w e r f u l . . .p - Training Employees Within A Budget
Businesses have spent a lot on employee training and their development in order to improve sales, cu - Hollander Consultants Ends 2006 with its Second Highest Year Ever
Hollander Consultants Also has Second Highest 4th Quarter Ever Tualatin, OR: Hollander C