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Portfolio Summary's Cash Balance is Starting Balance...Why?
I entered a Starting Balance equal to the total cost basis for securities in my securities account, so that the Cash Balance in the last column of the register would be (and is) properly zero. The Portfolio Summary's "Cash Balance" is showing the Starting Balance amount, rather than zero.
Why? It's raising the Portfolio Summary's "Total" way beyond what it actually is!
It looks like the logic for the Portfolio Summary's "Cash Balance" is incorrect.
Why? It's raising the Portfolio Summary's "Total" way beyond what it actually is!
It looks like the logic for the Portfolio Summary's "Cash Balance" is incorrect.
I’m frustrated
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Inappropriate?I've noticed this problem too. What I did in the end was set all starting balances to zero and then make an initial transaction to "load" the actual starting balance in. Something similar happens when setting up a regular bank account: you have to "fake" the starting balance with a dummy entry in order the set up the first reconciliation properly.1 Comment
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This answers the question
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Thanks, Howard. I may have to try that... but I thought I was doing it the correct way, by entering the Cost Bases for all the securities, then entering a Initial Balance at Account > Edit Account. It resulted in a proper zero cash balance for the last security, so I was a happy camper until the Portfolio Summary showed the Initial Balance (probably plus my zero Cash Balance).
Thoughts anyone?
Dick -
Inappropriate?BTW, there's a similar problem with loans. When you create a loan, MD reports that loan as a negative in the balance sheet for all of history, instead of just from the date the loan started. I think these are bugs in the reports rather than in the guts of the database but not sure. I got over the loan issue by creating a compensating "asset" to undo the damage.
Infinitely Kind folks: please note that we shouldn't have to take heroic measures like this to make the numbers work!
