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List:       kmymoney-devel
Subject:    Re: [Kmymoney-devel] longstanding issue with OFX import of dividend reinvestment from Merrill Lynch
From:       Jack <ostroffjh () sbcglobal ! net>
Date:       2014-11-12 20:06:34
Message-ID: 1415822794.456.0 () ffortso4
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On 2014.11.11 19:58, Jack wrote:
> Merrill Lynch creates three separate transactions for what could be a  
> single "Dividend Reinvestment" both on their printed/PDF statement  
> and in OFX imports (either file or direct connect.)  This requires  
> manual intervention in order to actually create a reinvest  
> transaction.  (I suppose I could live with separate dividend and buy  
> transactions, but it doesn't work that way.)
> 
> I finally did some digging into both the OFX specification and the  
> file.  Bottom line is that on importing the OFX to the investment  
> account, <INCOME> (of type DIV) gets imported as a dividend.   
> <TRANSFER> which represents the actual buy, does not get imported.   
> <INVBANKTRAN> which seems to represent the debit to cash of the  
> dividend, gets imported as a withdrawal from the brokerage account to  
> the payee "Reinvestment," which is the <NAME> in the OFX.
> 
> Is there anything to reasonably be discussed here, or should I take  
> this to the libofx list to see how they interpret the various  
> sections of the OFX import?
> 
> Thanks for any suggestions (other than switching brokers, which I'm  
> seriously considering, except I'm sure any other one will have it's  
> own quirks.
> 
> Jack

In saving as an anonymous file, I discovered yet another strange  
behavior.  In the anonymous file, the brokerage account is renamed and  
thus not recognized as the brokerage account for the investment  
account.  Importing to this file creates two transactions in the  
investment account - dividend, and buy.  If I rename the checking  
account to be the proper brokerage account name, I get the above  
described import.

Now to see if I can make a smaller example that has this same behavior.

Jack
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