[kmymoney] [Bug 419984] New: Suggestions for improving Investment accounts and actions

[Mark Medoff]

https://bugs.kde.org/show_bug.cgi?id=419984

            Bug ID: 419984
           Summary: Suggestions for improving Investment accounts and
                    actions
           Product: kmymoney
           Version: 5.0.8
          Platform: Mint (Debian based)
                OS: Linux
            Status: REPORTED
          Severity: wishlist
          Priority: NOR
         Component: general
          Assignee: kmymoney-devel at kde.org
          Reporter: markm10538 at gmail.com
  Target Milestone: ---

I have several suggestions related to Investments and Investment accounts:

I live in the US and we have a tax regulation that investment mutual funds MUST
make distributions each year to their fund holders of the funds captial gains.
I can track these distributions in KMyMoney but it is awkward. The only way to
do it currently is to select the DIVIDEND action and set the INTEREST box to my
Long Term Capital Gain or Short Term Capital Gain category. Running the
standard investment transactions report then shows the actions for these
transactions as "Dividends" which is technically incorrect for tax purposes and
also shows a zero amount transfer to the security. I can run a category report
that shows the correct transactions, but I can only get a category total. I
can't get the necessary security or account total.

SUGGESTION: Create additional actions for LONG TERM CG DISTRIBUTION and SHORT
TERM CG DISTRIBUTION. I would also be very helpful if these new actions as well
as the DIVIDEND action could get the option of assigning default categories.

I used to use Quicken Premier and it had a much more elegant dialog for
entering these transactions, where dividends and LT and ST CG's could all be
entered in a single transaction.

My second suggestion is how you handle the cash (brokerage) accounts associated
with investment accounts. My investment accounts are segregated by my broker
into separate trading accounts by investment type all linked to a single cash
account. So I have a mutual funds account, an ETF funds account, a stock
account and foreign currency stock accounts. It would be helpful to be able to
have money transactions in any of those accounts link to a single cash account.

SUGGESTION: Allow investment accounts in the account hierarchy to be placed
below a cash (brokerage) account and have the cash account for those investment
accounts default to the higher cash account. A second option would be in the
account details dialog, to offer the option of setting a default linked cash
account.

Basically, it is tedious to keep entering account and category information that
never changes with investments. I would like to be able to set a default
category for FEES, DIVIDENDS, INTEREST, (a new Short Term CG, Long Term CG) and
a linked cash account for every investment account.

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