How can I input funds management fee in Money 2004


F

Frog

Hi, I am using Money 2004 and I have a problem to inputting a funds
management fee to my portfilio. This managed fund charges Management fee
monthly and deduct my fund unit to fulfill it. I think I can only input this
transaction as a "remove shares" activity. But if I do this, the avg. cost
will be wrong and also I can't tracking how much I pay for them. Is there
any way to archieve this goal?

Thanks
 
C

Cal Learner-- MVP

Hi, I am using Money 2004 and I have a problem to inputting a funds
management fee to my portfilio. This managed fund charges Management fee
monthly and deduct my fund unit to fulfill it. I think I can only input this
transaction as a "remove shares" activity. But if I do this, the avg. cost
will be wrong and also I can't tracking how much I pay for them. Is there
any way to archieve this goal?
To match what is happening, you could enter an OtherExpense
transaction for the fund and also a Sell transaction to raise the
funds to buy to pay the fee.
 
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S

Steve

Hi, I am using Money 2004 and I have a problem to inputting a funds
management fee to my portfilio. This managed fund charges Management
fee monthly and deduct my fund unit to fulfill it. I think I can only
input this transaction as a "remove shares" activity. But if I do
this, the avg. cost will be wrong and also I can't tracking how much
I pay for them. Is there any way to archieve this goal?
I do this as a sell, with the proceeds going to the associated cash
account. Then I record the management fee in the cash account.
 
C

Cal Learner-- MVP

"Frog" wrote on 24 Feb 2008 in group
microsoft.public.money:


I do this as a sell, with the proceeds going to the associated cash
account. Then I record the management fee in the cash account.
The difference in making it an Other expense in the Investment
Transactions register vs the Cash register is whether the expense is
considered in computing the performance of the investment.
 
S

Steve

The difference in making it an Other expense in the Investment
Transactions register vs the Cash register is whether the expense is
considered in computing the performance of the investment.
Hmmmm -- I didn't know that.

Now I have to decide whether I want to evaluate performance of the
security by itself (keep the transaction on the cash side), or evaluate
performance less expenses. Decisions, decisions ...
 
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F

Frog

Firstly, Thanks for your help.

My case is a little bit complicated. Actually I have decide to suscribe a
saving plan ten months ago. The Plan need to pay monthly installment for a
couple year. The amount was 480.02 per month. The Plan itself has a
management charge per every 1st of the month by deducting certain amount of
the fund units. Also it has a first year bonus which was 36 per month. The
situation shown as below example

1 Feb 2008 Management Charge -0.699 unit $12.52
< This line I enter as activity "Sell" and I fill the comm. feild with the
same amount
12.52. So the total amount is 0
3 Feb 2008 First Year Bonus $36.00
< This line I enter as activity "Other Income" and bounced to a income cat.
3 Feb 2008 10th Installment 28.727 unit $516.02 (480.02 +
36.00) < This line I enter as activity "Buy".

are these allright?

In my custom view of portfolio.
The Qty using this method absolutely no problem. But the Cost Basis have
problem. It will not count my sold unit of the fund but I think it acutally
I pay for it. So Which field can I see I pay for? I have pay 10 times so
totally I pay $4800.2 for it. Thanks anyone can help me.
 

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