Microsoft KB Archive/198016

Money: Cannot Record Buy Transaction Using Different Currency

PSS ID Number: Q198016 Article last modified on 12-30-1998

WINDOWS:

WINDOWS

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The information in this article applies to:

 == Microsoft Money 99 == 

= SYMPTOMS =

If you attempt to record a Buy transaction in an investment account using funds from an account in a different currency, you receive the following error message:

This transaction cannot be entered because the accounts and are in different currencies.

You can transfer money to the investment account and then create a Buy in the investment account.

= CAUSE =

This behavior can occur because Money is only able to record investment transactions in the currency of the investment cash account.

= RESOLUTION =

To work around this issue, transfer the funds into the investment cash account for the investment account, and then record the Buy transaction in the investment account. To do this, follow these steps:

  Multiply the number of shares you want to purchase by the purchase price per share in the currency of the account you want to transfer the funds from.   Add any commissions and related costs to this amount. NOTE: You must continue to use the currency of the account you want to transfer the funds from.   Transfer this sum into the investment cash account for the investment account in which you want to record the Buy transaction. NOTE: This automatically converts the different currency into the currency of the investment account.   Record the Buy transaction in the investment account. 

= Additional query words: w_money 7.0 toy foreign currencies =

Keywords : mnyinvest kbimu Version : WINDOWS: Platform : WINDOWS Issue type : kbprb ============================================================================= Copyright Microsoft Corporation 1998.