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Dividend Transfer To Bank - Scheduled Transaction

In April, I upgraded from Q2001 H&B to Q2005 Premium H&B. I just noticed that two stocks scheduled for automatic dividend deposit aren't being recorded properly . and I didn't tamper with the schedule set up in Q2001. These transactions under the old program were marked "DivX" in the stock account with the appropriate bank account listed. Now these transactions are being recorded as "XOut" in the stock account and are creating a negative cash balance. I haven't caught this because I simply click the scheduled transactions to allow them to post in the bank account without checking back to the stock account to make sure everything got posted properly.

I suppose (I hope) this is just a slight hiccup that occurred during the upgrade. I believe the simple thing to do is merely change the type of transaction from "XOut" to "DivX" and fill out whatever else is required when the screen changes.

Q1) Is this the right thing to do?

Q2) Do I have anything else I should investigate or be concerned about since this was just discovered?

Q3) Any idea what caused this to happen?

Reply to
John Gregory
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Reply to
John Gregory

If you are saying that a scheduled group transaction posted an incorrect "Action" (DivX) in your investment account register, I suspect you may have to do more than what I interpret you to be planning.

First though, we have to clear up whether you are scheduling the transaction in the bank account or the investment account. I surmised the investment account because I think that would be the only way to "schedule" a dividend transaction. If the transaction were scheduled in the bank account, it would always have created an XOut in the investment account, I think.

If we are talking about a scheduled investment account transaction, we are also really talking about a "memorized" investment account transaction (the only way you can schedule an investment account transaction is using a memorized investment account transaction). If you are seeing an XOut in your investment account instead of a DivX, I suspect your memorized investment account transaction is hosed. If so, you would want to delete the old one and memorize a new one and tell your scheduled transaction to use the newly memorized investment account transaction.

I don't know what caused the problem, but conversions can create problems. If you still have Q2001 around, you could try reverting to that, doing a Validate on your Q2001 file (and possibly a supervalidate), then converting again. Backup first. If reverting is out of the question, you could try the validate/supervalidate on your Q2005 file. In either case, I suspect the likelihood of success will be fairly low as validates don't seem to find much wrong in the investment area.

Reply to
John Pollard

I've been doing some reading of HELP menus in the past hour and did notice reference to Scheduled Transactions from separate accounts. I felt it wasn't a root cause (preparing the transfer from the bank as long as the proper account "Stocks" was designated). What cemented the thought was the fact that when I pulled up the transaction list from both the bank and the stock account, I found the same list. I edited the transaction - as I detailed earlier - and the cash balance now agrees with the stock statement, the cash in the bank didn't change, and all seems well and good.

I did the validati>> In April, I upgraded from Q2001 H&B to Q2005 Premium H&B. I just

Reply to
John Gregory

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