DRIP set up

[Bill Jacqmein]

What I normally do is book the dividends into income something like
income/dividends/Fund X with corresponding entry into the brokerage
account then create a buy from the brokerage account into Fund X.

I think it could be done in this one transaction with the
corresponding entry directly into Fund X but it works better in my
head as two transactions: A payment of dividend and then a
reinvestment purchase.



On Wed, May 14, 2008 at 10:26 PM, corkscrew60 <cem22b at gmail.com> wrote:
>
> i'm a new user coming from quicken.
> I have most things set up as i need, except for how to enter dividends
> reinvested from mutual funds. Yes i've read the tutorial, where it gives an
> example of how it is entered in the actual NST stock register. What i dont
> understand is the screen dump below this showing the account tree. It looks
> like to me that the stock NST is now a subaccount of DRIPS ?.
> so how does that work if you have a broker account set up like as follows
> Assets
>   Brokerage Account
>     -Fund X
>     -Fund Y
>
> And dividends for both these are reinvested?
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