Money Market Fund, reinvest Cash, manually-MAC

Leslie Jones

I have a MM Fund as part of my TR Price Brokerage. I do NOT download. I enter manually. What is the best way to account for "Reinvest Cash Income"? I have tried everything I can think of including Payment/Deposit, Reinvest Interest, etc.

Leslie Jones

I figured it out but am leaving the solution here in case it helps someone else. Reinvest Income, Make the total amount $1 and the shares what the interest is.

Jon

In a Money Market Fund, the total amount should match the number of shares, because the share price is always $1. So for example if you earned $5.75 in interest, it should look like this:

Leslie Jones

thanks for the help but my way worked without adding shares. It just added the interest to my total.

Jon

But if you're reinvesting the interest you are buying more shares. If you're not buying more shares you should use the Interest Income transaction type which will add uninvested cash to your account instead.