You should be left with with the proceeds of the fractional sale, and the correct capital gain/loss information for the fractional shares that were sold. The QIF import especially is far easier and more capable than it’s ever been. First, this update has massive improvements in online banking and file importing. This should leave the original acquisition dates for the two securities, and their correctly adjusted cost basis. Today’s Moneydance update brings so much progress that it’s difficult to fit into one blog post, but we’ll do our best. Replace it with the two new positions, reflecting the original date and the adjusted cost basis for each new position.Įnter the Sell for the fractional shares at the current date. Time Warner AOL Spin Off.Ĭreate the New Security with the correct symbol.Įnter transactions to remove the original position. This means that every transaction is a link between accounts or categories. Moneydance uses the double-entry method of accounting. It includes all information about how much was spent/received and where the money is from. This can be found by Google searching for the transaction i.e. A transaction is any change in the balance of your accounts. Then calculate the correct adjusted cost basis using published material from the issuer. This same method should work for any stock split.įirst, determine the original acquisition date. This example is accounting for spinoff of AOL from Time Warner - with the Cash in Lieu of sale from Dec 2009. Moneydance+ uses an automated process to download all of your transactions from tens of thousands of banks and credit card accounts (even if. This service allows you to automatically download transactions from your banks, using the Plaid aggregator. The following is an example of accounting for Stock Spinoff, as provided by a Moneydance customer and contributor to the support forum. Moneydance+ is an (optional) subscription service that's available in Moneydance 20.
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