[Kmymoney] 401k

[aga]

On Thu, 07 Mar 2013 12:55:57 -0500
Joseph Quisgard <j.quisgard at gmail.com> wrote:

> OK, I have an investment account named 401k.
> I have a checking account named brokerage with asset as a parent
> account. It looks like I had that part right, It seems my issue was
> adding transactions.
> Let's say, I get cash from my pay, I have it so that money goes into
> the brokerage(checking) account.
> I then need to buy shares with the money from the brokerage account
> that will be added to the 401k(investment) account. I think this is
> where things get messed up.

First of all, let me make it clear that my knowledge of 401k is zero.

The only point possibly not fully explained so far is that, having
created the investment account, within that account you have to create
the actual security (just right click there).  Then, back in the
investment account, when you create a Buy, you can then select that
security.  I think that's what you'll need to do, but I could be wrong.

If you get this setup working, your next issue is importing
transactions.  Probably the best way to do this, if the option is
available, is via OFX, and providing you can get it to work.  If that
turns out not to be satisfactory, then possibly a CSV import may be
available.  If so, as that may be a bit tricky, depending on the
broker's file layout, I may be able to help further.

Allan

> Thanks for the help by the way, I have been working on getting this 
> straightened out for months
> On 03/07/2013 12:15 PM, Jack wrote:
> > On 2013.03.07 11:44, Joseph Quisgard wrote:
> >> Does anyone have an accurate way of setting up a 401k account in
> >> KMY. I have not been able to figure out a decent way of keeping
> >> track of this.
> >
> > I didn't actually track my own 401k until I rolled it over into an 
> > IRA, but I don't really see any difference.  Just use an Investment 
> > account, with an associated Brokerage (checking) account.  The 
> > investments all go as securities in the investment account and all 
> > cash transactions go in the brokerage account. The main issue I've 
> > found is that you can't do OFX imports, since most brokerage firms
> > do not distinguish the investment and cash portions as KMM does, so
> > they lump all transactions.  I know one of the developers has been
> > working to get the csv importer to handle this, but I'm not really
> > sure how far along he is, even though I should.  The other option
> > is to do the import, but know that some of the transactions will
> > have to be moved to the other account.
> >
> > Minor issues:  most securities (stocks, bonds, mutual funds) map 
> > easily to KMM securities, and you can automatically fetch prices
> > from one of the several available sources for that data.  I've had
> > a small number of investments where that didn't work, so I have to
> > manually do price updates or value adjustments.
> >
> > This should be enough to get started - let us  know if you have any 
> > specific questions or problems.
> >
> > Jack
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