How to enter "cash dividend on ##### at daily accrual rate" with blank category

Question

Some of my year end downloads from mutual funds shows this in the memo line, "cash dividend on ##### at daily accrual rate" and the category is blank so all the entries show up as "uncategorized". From my understanding, this is a dividend payment that is projected to be made but not yet paid out (correct me if I am wrong, please). Should I enter this as a dividend and assume it will be paid? Does it not matter  - it's just a dividend so enter it as such? Thanks for your help.

Tom Young · Answer

"I see this money is listed simply as a cash dividend which is then 
reinvested. I am not sure why the entry showed up with no category, but,
 oh well. I will put them as a cash dividend."If you're not actually seeing an increase in cash then entering them as a straight "Div" wouldn't be correct because that entry would increase cash in the Account.  They would be more correctly as a reinvested dividend.

William Heise · Answer

Update: When I go into my brokerage account, I see this money is listed simply as a cash dividend which is then reinvested. I am not sure why the entry showed up with no category, but, oh well. I will put them as a cash dividend. Thanks for everyone's input.

q_lurker · Answer

It is not uncommon for me to actually receive a distribution in the first day or two of January that is taxable as income from the prior year.  It shows up in the annual 1099 tax form as a prior year dividend.  Perhaps this is something similar.  In my case, it s usually MM or bond funds that this would apply to.  Never seen anything like that in a memo line from the fund.