suggestion: investment accounts, balances and reconciling
Edward Reid <[email protected]> Mon, 11 Apr 2011 14:33:52 -0400
| Newsgroups | gmane.comp.finance.moneydance.general |
|---|---|
| Message-ID | <[email protected]> |
I have added this suggestion to the support forum at http://help.infinitekind.com/discussions/suggestions/691-balances-in-investment-accounts-and-reconciling The text of the suggestion is: Although MD knows that the critical value for securities is shares, not their current value, it gives us very little help in dealing with share values. In particular, share balances are not shown in registers and there is no way to reconcile share counts except manually, even though share counts are the only thing which can be reconciled other than the Cash Balance. The Cash Balance is given top priority when it should have the lowest priority. The investment account register shows the Cash Balance, and reconciling the cash balance works fine. For most of us, though, the cash balance is the least important part of an investment account and seldom has a value other than zero. The Securities Detail shows share amounts for transactions, but not a share balance, even though the box to the right is mostly empty and could easily be reorganized to make space for another column. Even worse, ctrl-B (reconcile) while Securities Detail is showing opens the reconcile function for the cash balance instead. My suggestions: 1) Remove the Cash Balance column from the account register. This will allow other columns to be expanded, which is important because the columns in the account register are already cramped. The Cash Balance is no more important than the share balances in the securities in the account, so it should not have a special place here. 2) Add the Cash Balance to the list of securities in the Securities Detail. (It's already in the Portfolio View.) 3) In the Securities Detail register, add a Balance column, which would be currency for the Cash Balance and shares for other securities. Reorganize the box to the right of the register to make it narrower to provide space for the balance column. 4) When a reconcile is requested in the Securities Detail, reconcile the currently displayed security. (This is how every investment statement I've seen is organized anyway.) When the Cash Balance is selected, reconcile in the currency of the account. For any other security, reconcile in shares. 5) Disable the reconcile function when in Portfolio View or Register. Alternatively, display an extended starting value window which asks which security to reconcile. Edward