recording portfolio management expenses


D

dennis

using MSM2003 and I am trying to figure out the best way
to enter the quarterly fee charged by my financial advisor
against my portfolio such that it is accounted for in the
YTD ROI. What happems is that they will sell some shares
in one of the investment accounts (i.e. mutual funds
shares) in the portfolio to cover the cost.
thx - dennis
 
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C

Cal Learner-- MVP

using MSM2003 and I am trying to figure out the best way
to enter the quarterly fee charged by my financial advisor
against my portfolio such that it is accounted for in the
YTD ROI. What happems is that they will sell some shares
in one of the investment accounts (i.e. mutual funds
shares) in the portfolio to cover the cost.
thx - dennis

Enter a Sell for the fee. That should make an increase in the Cash
Transactions.

Enter one or more Other Expense transaction(s) into the Investment
Transactions register that specify particular investments and total
up to the fee. That will bring the cash transaction balance back to
where it was -- typically $0.
 

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