Problem with re-invested dividend in Mutual Fund acct.

[Graeme Nichols]

On Sat, 2003-02-01 at 08:55, Derek Atkins wrote:
> Hi,
> 
> > A reply to another user having a similar problem said to enter the
> > dividend into the income account associated with the mutual account and
> > transfer it to the mutual account. I have been spectacularly
> > unsuccessful in that endeavour! BUT.... that scenario does work if I
> > make it a stock account instead of a mutual fund account.
> 
> It certainly works for me.
> 
> pre-requisites:
> * a mutual fund account of type "Mutual Fund"
> * an income account of type "Income"
> 
> process to enter dividend:
> - Open up my mutual fund account.
> - in the "transfer" column, enter your "Income:Dividends:Mutual Fund" account
> - enter the number of shares that were bought during the reinvestment
> - enter the per-share price that were bought during the reinvestment
> 
> That's it -- it should compute the correct value.
> 
> If this process does not work for you, please let me know.  Or, if
> you were performing a different process, please let me know.
> 
> -derek
Hello Derek,

Thank you very much. Your advice does work. It is amazing how simple
things can be when you do them correctly :)

As an side, I said I come from Quicken, a certain transaction that
Quicken could not handle at all decorously is handled beautifully in
GnuCash which means, of course, a more complete picture of my finances.
I wont be going back!

Thanks again,

-- 

Kind regards,

Graeme.

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