We began using PCP12 in January. I had previously used an older version and only had one fund. The person who set up the program broke things down into six different funds which I didn't realize until May. I've been posting Int/Div to the accounts that are in fund 02-06 as tho they were in fund 01.
I posted:
02-9510 trans from 01 - credit 3,884.57
02-9015 trans to 02 - debit 3,884.57
and repeated for the other funds. This did not change my balance in the individual funds.
Can you tell me what I'm doing wrong?
Transferring between funds
Moderators: Moderators, Tech Support
Re: Transferring between funds
That's only part of the transaction, where are you putting these funds? Is this actually income (as in receiving a check) or is this unrealized gains on a mutual fund?NNBCdmh wrote:We began using PCP12 in January. I had previously used an older version and only had one fund. The person who set up the program broke things down into six different funds which I didn't realize until May. I've been posting Int/Div to the accounts that are in fund 02-06 as tho they were in fund 01.
I posted:
02-9510 trans from 01 - credit 3,884.57
02-9015 trans to 02 - debit 3,884.57
and repeated for the other funds. This did not change my balance in the individual funds.
Can you tell me what I'm doing wrong?
As far as the transaction to transfer between funds, it should look something like this:
In the following example, $750 is transferred from the 01 fund checking account into the 02 fund checking account using the simple transfer setup.
01-1110-000 Checking Account 750.00 CR
01-9100-000 Transfer to Other Funds 750.00 DB
02-1110-000 Checking Account 750.00 DB
02-9200-000 Transfer from Other Funds 750.00 CR
If these are unrealized gains, they need to be tracked much differently.
Neil Zampella
Using PC+ since 1999.
Using PC+ since 1999.