Mutual Fund Distribution transaction best practice

English
1

Good morning

I’m just curious how people here handle mutual fund distributions? What the impact of each method is?

100% of the distribution is re-invested into the mutual fund, so my cash balance is un-affected.

Until now I’ve been booking a Dividend followed with Buy for the exact same amount.

But I wonder if a Delivery (Inbound) would be simpler and have the same result in my performance analysis? The Help for Delivery doesn’t mention mutual funds though.

Thanks

2

In my opinion this is the best approach.

With a delivery (inbound) instead of a buy, you would also have to book the dividend, and also a withdrawal of the dividend. What would be easier about that?

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3

Follow-up question, similar issue with my brokerage’s statements for DRIP stocks.

This is a brokerage Dividend Re-Investment Plan, not the security’s.

The statement breaks the dividend out into two parts: the shares I’m getting and the cash remainder. There’s no total dividend in the PDF and the CSV file from my brokerage. Can PP automatically figure out the total dividend to deposit and then the buy transaction?

Or will I have to manually adjust all these transactions?

I’m getting ready to submit a PDF Importer request for Qtrade, but if this is going to be an issue then I’m probably better to download the CSV, fix the Dividend transactions, and then import the CSV file.

Thanks

For example, the total dividend amount below is $64.80 but that isn’t shown, it would need to be calculated.

Action Qty Symbol Description Price Comm Net
DIV. REINVEST 2 SLF SUN LIFE FNCL INC $23.94 -$47.88
DIVIDEND SLF SUN LIFE FNCL INC $16.92
4

I don’t know. @Nirus maybe

5

Sure… i see no Problems..

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