Facilitate recording bond amortization
WordStar
Member ✭✭
For those of us who buy bonds at other than face value (I'm not the only one), this is a SIMPLE change that will replace the present work-around, which is:
create 2 entries: (1) record effect on income and (2) record effect on cost basis (RtnCap)
CHANGE SUGGESTED: add to RtnCap popup - a selector:
1- transfer between accounts
2 - record premium amortization
3 - record discount amortization
If 2 or 3 is selected, the two entries would be generated with the
appropriate adjustments of cost and interest.
Even better - new tran "Record amortization of premium or intererest":
Enter: security name, amount and select "Prem" or "Disc" -- generate
adjustments of basis and income.
I have been going through the ridiculous annual task for many bonds for many years. I just assume that no manager, designer or programmer at Quicken has ever bought a bond at other than face value.
----------------
As long as I am asking - system could calculate current value/required amortization at the time that the bond purchase was initially entered.
Just saying.
Leonard
create 2 entries: (1) record effect on income and (2) record effect on cost basis (RtnCap)
CHANGE SUGGESTED: add to RtnCap popup - a selector:
1- transfer between accounts
2 - record premium amortization
3 - record discount amortization
If 2 or 3 is selected, the two entries would be generated with the
appropriate adjustments of cost and interest.
Even better - new tran "Record amortization of premium or intererest":
Enter: security name, amount and select "Prem" or "Disc" -- generate
adjustments of basis and income.
I have been going through the ridiculous annual task for many bonds for many years. I just assume that no manager, designer or programmer at Quicken has ever bought a bond at other than face value.
----------------
As long as I am asking - system could calculate current value/required amortization at the time that the bond purchase was initially entered.
Just saying.
Leonard
1