Reinvesting shares

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paulrw
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Joined: 12 August 2015, 04:24

Reinvesting shares

Post by paulrw » 04 January 2018, 15:29

Hi Cyril,

Happy new year!

I have a bond fund which reinvests income in new shares on a monthly basis. This shows up in statements as "Income Reinvest", and in its .qif file as ReInvDiv. I'd like to be able to use the .qif import, but iCompta wants to know what to associate ReInvDiv with. Since it implies both income and buying of shares, I'm not sure what to do.

Paul

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Angeman
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Re: Reinvesting shares

Post by Angeman » 04 January 2018, 15:41

In fact in iCompta this should be treated with 2 transactions, a credit for the income and a debit to buy the new shares. But for the import you can tell it to use "Buy", I think it's the best choice.

paulrw
Posts: 33
Joined: 12 August 2015, 04:24

Re: Reinvesting shares

Post by paulrw » 04 January 2018, 15:44

Ok, so I should then manually add a credit transaction for each reinvestment?

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Angeman
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Re: Reinvesting shares

Post by Angeman » 04 January 2018, 21:12

Yes, I think so.

paulrw
Posts: 33
Joined: 12 August 2015, 04:24

Re: Reinvesting shares

Post by paulrw » 04 January 2018, 21:37

Ok, thanks.

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