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Post by waryinvestor on Oct 6, 2017 18:22:30 GMT
Why isn't a Credit Entry shown in the Transactions for a corresponding Debit Entry for a Sweep from other Accounts ?
For eg., when money is swept from GBBA or GEA into QAA, there is a Debit Entry shown in GBBA / GEA, but no corresponding entry in the QAA.
How is one supposed to find out the Balance in QAA and keep track of money.
Also, sometimes, Interest / Principal is swept into QAA, while most of the times it is moved into Cash Account.
Could someone explain these please.
How do people keep track of their money in various accounts without a Balance Column shown in transactions and know if the Balance in various Accounts are correct ?
Thanks
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jonah
Member of DD Central
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Post by jonah on Oct 6, 2017 18:59:52 GMT
There cash swept in QAA is separate from cash invested in it. If you invest then there will be corresponding entries in the QAA log. If you sweep there isn’t as the cash is still sort of in GBBA /GEIA/MLIA. There totals for cash which await investing in mlia for example, include the money which is swept. The QAA does, on the dashboard, show a total swept and if you hover over it, it will break down the accounts swept from.
Probably as clear as mud.
The trick is to understand that swept cash is still separate from invested in QAA cash. Once you have that clear in your mind, the rest follows.
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Post by waryinvestor on Oct 10, 2017 8:47:38 GMT
Thanks Jonah. I understand that. But my question is why then are there entries in Account statements showing debit from GBBA, etc ?
For eg., in the Account Statement of GBBA, there is the following entry with a transaction id of 125751xxx :
125751xxx 2017-09-28 20:47:25.962655+01 Investment into qaa swept from Great British Business Account
which to me, means a debit transaction. So, why isn't a corresponding credit transaction entry / id in the QAA ?
If it actually belongs to the GBBA (but simply swept into QAA for the purpose of earning interest), then don't show it in this statement too.
With the Balance not displayed, it becomes even more difficult to tally the different accounts and know the exact amounts in different accounts, let alone finding out if the amounts displayed are correct or not.
Or am I missing something here.
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Post by waryinvestor on Oct 10, 2017 8:50:21 GMT
Also, when I hover over the QAA in dashboard, it doesn't show any breakdown. The breakdown is only displayed when I hover over cash account (gives breakdown of cash and QAA). Is that what you mean.
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n
Member of DD Central
Yet another Nick
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Post by n on Oct 10, 2017 9:00:04 GMT
Also, when I hover over the QAA in dashboard, it doesn't show any breakdown. The breakdown is only displayed when I hover over cash account (gives breakdown of cash and QAA). Is that what you mean.I think you have to click 'show more' first, then hover.
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jonah
Member of DD Central
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Post by jonah on Oct 10, 2017 10:20:47 GMT
Thanks Jonah. I understand that. But my question is why then are there entries in Account statements showing debit from GBBA, etc ? For eg., in the Account Statement of GBBA, there is the following entry with a transaction id of 125751xxx : 125751xxx 2017-09-28 20:47:25.962655+01 Investment into qaa swept from Great British Business Account which to me, means a debit transaction. So, why isn't a corresponding credit transaction entry / id in the QAA ? If it actually belongs to the GBBA (but simply swept into QAA for the purpose of earning interest), then don't show it in this statement too. With the Balance not displayed, it becomes even more difficult to tally the different accounts and know the exact amounts in different accounts, let alone finding out if the amounts displayed are correct or not. Or am I missing something here. Think of it this way.... the swept cash is NOT going to the main QAA, but to a mini one specific to your GBBA etc. The main one has entries for its usage* but as swept cash doesn’t go precisely there it isn’t in the QAA logs. almost like having two separate accounts. Which in effect you do, as there are different limits to swept vs invested cash.
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jonah
Member of DD Central
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Post by jonah on Oct 10, 2017 10:22:14 GMT
Also, when I hover over the QAA in dashboard, it doesn't show any breakdown. The breakdown is only displayed when I hover over cash account (gives breakdown of cash and QAA). Is that what you mean.I think you have to click 'show more' first, then hover. True. The UI has been updated and I hadn’t spotted. Click show more, then hover over ‘lent from idle funds’ for a swept cash breakdown.
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Post by waryinvestor on Oct 12, 2017 8:59:29 GMT
Thanks. I can see it now.
However, the amount of Capital / Principal that should be in my GBBA is way lower than it is showing. I have deducted any Capital Repayment that has been transferred to Cash Account from my original Capital / Principal but ignored any that have been swept to and from QAA (as it technically still belongs to GBBA). Also, any Interest that have been transferred to Cash Account has not been taken into account (so didn't increase my Capital / Principal), however any Interest that has been swept to QAA has been considered to increase my Capital / Principal Balance. According to the above calculations, I should get my total Capital / Principal lying in GBBA and this doesn't tally.
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