<div dir="ltr"><div class="im" style="font-family:arial,sans-serif;font-size:16px">On <a href="tel:2013.10.31%2016" value="+12013103116" target="_blank">2013.10.31 16</a>:22, Jane Hadley wrote:<br><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left-width:1px;border-left-color:rgb(204,204,204);border-left-style:solid;padding-left:1ex">
Hello - I am switching from Quicken to KMyMoney. So far it looks as if KMyMoney will meet my needs except for this one issue I am having.<br></blockquote></div><span style="font-family:arial,sans-serif;font-size:16px">Great.</span><div class="im" style="font-family:arial,sans-serif;font-size:16px">
<br><br><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left-width:1px;border-left-color:rgb(204,204,204);border-left-style:solid;padding-left:1ex">I am using KMyMoney 3.5.10 on a Ubuntu 10.04 Gnome desktop.<br>
</blockquote></div><span style="font-family:arial,sans-serif;font-size:16px">3.5.10 is the KDE version, not the KMyMoney version, which is hopefully 4.6.x but probably 4.5.x on that version of Ubuntu. 4.6.4 is the absolute latest, but was only released very recently. (However, unless this turns out to be a bug which is fixed in a later version it shouldn't matter.</span><div class="im" style="font-family:arial,sans-serif;font-size:16px">
<br></div><div class="im" style="font-family:arial,sans-serif;font-size:16px"><br><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left-width:1px;border-left-color:rgb(204,204,204);border-left-style:solid;padding-left:1ex">
I have several mutual funds with Fidelity. I set up a Fidelity account in KMyMoney. Then in the ledger, I did a "Buy Shares" and entered the number of shares and the price per share for my particular fund, say, Total Market Index. The ledger perfectly reflected this.<br>
</blockquote></div><span style="font-family:arial,sans-serif;font-size:16px">Did you do this in the Investment account? Did the purchase amount get appropriately removed from the Brokerage account?</span><div><font face="arial, sans-serif"><span style="font-size:16px"><br>
</span></font></div><div><font face="arial, sans-serif"><span style="font-size:16px">I did do this in the Investment account. I do not have a Brokerage account. I buy the mutual fund directly from Fidelity. For KMyMoney, I set up a "Dummy" savings account and use that as the source of funds from which to buy investment shares. (I have to do this kind of workaround in Quicken too. A lot of times the money for investment purchases comes from my husband's checking account and I do not keep his checking account in Quicken or KMyMoney. So I use a Dummy account.)<br>
</span></font><div class="im" style="font-family:arial,sans-serif;font-size:16px"><br><br><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left-width:1px;border-left-color:rgb(204,204,204);border-left-style:solid;padding-left:1ex">
That is, for example, it showed 245 shares at $10 a share and a total value of $2,450. It shows the "Balance" as being 245, so obviously "Balance" is a share balance, not a value balance.<br></blockquote>
</div><span style="font-family:arial,sans-serif;font-size:16px">That is correct. Balances in Investment accounts are numbers of shares. However, there should be an "Investment Value" at the bottom of the ledger, which should show the cash value of the investments. Is that showing $245 or $2,450.00?</span></div>
<div><font face="arial, sans-serif"><span style="font-size:16px"><br></span></font></div><div><font face="arial, sans-serif"><span style="font-size:16px">The investment value at the bottom of the ledger showed everything correctly. It showed the number of shares at 245, the price per share at $10 and the total value at $2,450.<br>
</span></font><div class="im" style="font-family:arial,sans-serif;font-size:16px"><br><br><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left-width:1px;border-left-color:rgb(204,204,204);border-left-style:solid;padding-left:1ex">
That's OK with me except that when you go to the Asset view or the Account view or the Net Worth report, the figures given are the share balances (the 245) not the value ($2,450). And they have dollar signs in front of them, which is obviously not appropriate for a share balance.<br>
</blockquote></div><span style="font-family:arial,sans-serif;font-size:16px">I think you are correct that those should really be cash value not share counts.</span><div class="im" style="font-family:arial,sans-serif;font-size:16px">
<br><br><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left-width:1px;border-left-color:rgb(204,204,204);border-left-style:solid;padding-left:1ex">The bar at the top of the Account view gives you a choice of tabs: Total Value or Total Balance. But both of these show the share balance: 245 for this mutual fund.<br>
</blockquote></div><span style="font-family:arial,sans-serif;font-size:16px">My account view has tabs for List and Icons. Is this the Account View select from the list of icons on the left?</span></div><div><font face="arial, sans-serif"><span style="font-size:16px"><br>
</span></font></div><div><font face="arial, sans-serif"><span style="font-size:16px">I used the wrong terminology here. The "Total Value" or "Total Balance" I referred to are not tabs but table column headers. You are correct that the two tabs are List and Icons.<br>
</span></font><div class="im" style="font-family:arial,sans-serif;font-size:16px"><br><br><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left-width:1px;border-left-color:rgb(204,204,204);border-left-style:solid;padding-left:1ex">
The Net Worth also uses the share balance. It shows a checking account balance of $1,200, which is correct, but then shows a mutual fund balance of $245, which is incorrect. The Total Market Index mutual fund balance should be $2,450 for a total net worth of $3,650, not $1,445. So obviously I am not getting a valid picture of the value of my assets.<br>
</blockquote></div><span style="font-family:arial,sans-serif;font-size:16px">This sounds like there is a wrong share value stored someplace. Start by going back to the Invesment account ledger and re-checking the transaction for correct price-per-share. If that is OK, select Tools/Prices... from the menu. Select the fund (you only have the one, right?) by entering enough of its name in the search bar so it is the only fund showing, then click "Show all stored prices." I believe there should only be the purchase price, unless you have added more. Let us know if there is anything extra here, such as a price of 1.</span></div>
<div><font face="arial, sans-serif"><span style="font-size:16px"><br></span></font></div><div><font face="arial, sans-serif"><span style="font-size:16px">I think you hit the nail on the head here, Jack. I have struggled to understand the difference between "Account" and "mutual fund." So when I first started to use KMyMoney, I was creating accounts for each Fidelity mutual fund that I owned. I set the Opening Balance at the total value of the fund that I owned. I then saw that KMyMoney had set the number of shares to equal the total value and the price per share at 1. So I deleted those accounts and set up a new Fidelity Account and then did "Buy Shares" transactions in the ledger, which allowed me to set number of shares, price per share and get a total value. That seemed to work except for this particular issue of showing share balances instead of value elsewhere in the program.</span></font></div>
<div><font face="arial, sans-serif"><span style="font-size:16px"><br></span></font></div><div><font face="arial, sans-serif"><span style="font-size:16px">I followed your advice and clicked on "Investments" in the side panel. Once I got to the Investments page, in the drop-down list toward the top left, I selected my Fidelity account and it showed me the Total Market Index fund. Interestingly, it gave no price and no total value but only the number of shares. So I decided to do an online update to get a share price in there. That worked. And now it is all working correctly: the Asset and Net Worth views are showing total value instead of share balance. Or perhaps, I guess I should say it is showing the correct total value -- i.e., one in which the share price is not 1. </span></font></div>
<div><font face="arial, sans-serif"><span style="font-size:16px"><br></span></font></div><div><font face="arial, sans-serif"><span style="font-size:16px">It was just strange to me because the ledger page showed a correct number of shares, correct price per share, and correct total value, but it was not being reflected elsewhere in the program (on the Accounts page or Net Worth report).</span></font></div>
<div><font face="arial, sans-serif"><span style="font-size:16px"><br></span></font></div><div><font face="arial, sans-serif"><span style="font-size:16px">Since the Opening Balances approach to setting up my mutual funds didn't work, I used the "Buy Shares" approach to get my mutual fund balances, prices, values into KMyMoney. I've used Quicken for probably 20 years with numerous mutual funds during that time. I don't even want to think about doing a QIF import, so I'm just giving up on my transaction history and starting afresh in KMyMoney. I need to use it, because Quicken, of course, requires Windows. I have been running Windows XP in a virtual machine on my Ubuntu and that has worked fine, but Microsoft will soon cease supporting Windows XP and I just don't want to have to go out and pay to install a Windows 7 or certainly not Windows 8 virtual machine just so I can run Quicken. <br>
</span></font><div class="im" style="font-family:arial,sans-serif;font-size:16px"><br></div><div class="im" style="font-family:arial,sans-serif;font-size:16px"><span style="color:rgb(34,34,34);font-family:arial;font-size:small">Thank you so much for your help, Jack! I am really impressed with the quick and helpful response! I will continue on my merry way with KMyMoney!</span></div>
<div class="im"><font color="#222222"><br></font></div><div class="im"><font color="#222222">Jane<br></font><br><blockquote class="gmail_quote" style="font-family:arial,sans-serif;font-size:16px;margin:0px 0px 0px 0.8ex;border-left-width:1px;border-left-color:rgb(204,204,204);border-left-style:solid;padding-left:1ex">
Where am I going wrong?<br></blockquote></div><span style="font-family:arial,sans-serif;font-size:16px">Not sure - but we'll help you figure it out.</span></div><div><br></div><div><br></div><div><br style="font-family:arial,sans-serif;font-size:16px">
<br style="font-family:arial,sans-serif;font-size:16px"><blockquote class="gmail_quote" style="font-family:arial,sans-serif;font-size:16px;margin:0px 0px 0px 0.8ex;border-left-width:1px;border-left-color:rgb(204,204,204);border-left-style:solid;padding-left:1ex">
Thanks for any help.<br></blockquote><span style="font-family:arial,sans-serif;font-size:16px">You're welcome.</span><br></div></div><div class="gmail_extra"><br><br><div class="gmail_quote">On Thu, Oct 31, 2013 at 1:53 PM, Jack <span dir="ltr"><<a href="mailto:ostroffjh@sbcglobal.net" target="_blank">ostroffjh@sbcglobal.net</a>></span> wrote:<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div class="im">On <a href="tel:2013.10.31%2016" value="+12013103116" target="_blank">2013.10.31 16</a>:22, Jane Hadley wrote:<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
Hello - I am switching from Quicken to KMyMoney. So far it looks as if KMyMoney will meet my needs except for this one issue I am having.<br>
</blockquote></div>
Great.<div class="im"><br>
<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
I am using KMyMoney 3.5.10 on a Ubuntu 10.04 Gnome desktop.<br>
</blockquote></div>
3.5.10 is the KDE version, not the KMyMoney version, which is hopefully 4.6.x but probably 4.5.x on that version of Ubuntu. 4.6.4 is the absolute latest, but was only released very recently. (However, unless this turns out to be a bug which is fixed in a later version it shouldn't matter.<div class="im">
<br>
<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
I have several mutual funds with Fidelity. I set up a Fidelity account in KMyMoney. Then in the ledger, I did a "Buy Shares" and entered the number of shares and the price per share for my particular fund, say, Total Market Index. The ledger perfectly reflected this.<br>
</blockquote></div>
Did you do this in the Investment account? Did the purchase amount get appropriately removed from the Brokerage account?<div class="im"><br>
<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
That is, for example, it showed 245 shares at $10 a share and a total value of $2,450. It shows the "Balance" as being 245, so obviously "Balance" is a share balance, not a value balance.<br>
</blockquote></div>
That is correct. Balances in Investment accounts are numbers of shares. However, there should be an "Investment Value" at the bottom of the ledger, which should show the cash value of the investments. Is that showing $245 or $2,450.00?<div class="im">
<br>
<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
That's OK with me except that when you go to the Asset view or the Account view or the Net Worth report, the figures given are the share balances (the 245) not the value ($2,450). And they have dollar signs in front of them, which is obviously not appropriate for a share balance.<br>
</blockquote></div>
I think you are correct that those should really be cash value not share counts.<div class="im"><br>
<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
The bar at the top of the Account view gives you a choice of tabs: Total Value or Total Balance. But both of these show the share balance: 245 for this mutual fund.<br>
</blockquote></div>
My account view has tabs for List and Icons. Is this the Account View select from the list of icons on the left?<div class="im"><br>
<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
The Net Worth also uses the share balance. It shows a checking account balance of $1,200, which is correct, but then shows a mutual fund balance of $245, which is incorrect. The Total Market Index mutual fund balance should be $2,450 for a total net worth of $3,650, not $1,445. So obviously I am not getting a valid picture of the value of my assets.<br>
</blockquote></div>
This sounds like there is a wrong share value stored someplace. Start by going back to the Invesment account ledger and re-checking the transaction for correct price-per-share. If that is OK, select Tools/Prices... from the menu. Select the fund (you only have the one, right?) by entering enough of its name in the search bar so it is the only fund showing, then click "Show all stored prices." I believe there should only be the purchase price, unless you have added more. Let us know if there is anything extra here, such as a price of 1.<div class="im">
<br>
<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
Where am I going wrong?<br>
</blockquote></div>
Not sure - but we'll help you figure it out.<br>
<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
Thanks for any help.<br>
</blockquote>
You're welcome.<span class="HOEnZb"><font color="#888888"><br>
<br>
Jack<br>
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