On Jul 15, 2009, at 12:28 AM, Martin Preuss wrote:
Hi,
On Montag, 8. Juni 2009, Martin Preuss wrote:
[...]
So I need some help: Could someone please explain what number and
kind of
transactions and splits need to be created when importing investment
transactions? There seems to be special handling for REINVEST and
INCOME
type investment transactions...
[...]
Nobody?
Regards
Martin
Sorry, I thought I read that you had a few example files...
At the very least:
Buying shares
Selling shares
Handling dividends and interest (Income)
Reinvestment (dividends are used immediately to buy new fractional
shares, without the money stopping in the investor's brokerage account)
Splits would be nice, but they can be reported in a couple different
ways, so they're a bit more complicated on top of the fact that
sometimes money changes hands for noninteger splits ( a 3 for 2 split
in an account that holds an odd number of shares, for example).
Before aqbanking checked and declined to handle investment accounts,
dividends were handled correctly (in my experience). It's possible
that I already had income accounts specified for those instances from
prior libofx imports, so I'm not positive that the correct handling
was all from aqbanking action.
For buys and sells, you'll have to make a choice about how to handle
commission costs. Libofx 'bundles' the commissions and fees into the
net cost or net sale proceeds. In the U.S. that's OK for tax purposes,
so I haven't had any problems. But some folks may prefer having fees
show up as a separate split (presumably a split in the transaction
associated with the purchase or sale).
I'm not sure how the 'lots' function is intended to work. It would be
a good idea to at least understand that plan so that you don't do
something that impedes lots when they finally hit release status.
Dave
--
David Reiser
[email protected]
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