Please help me understand my statement!

Difficult to do without figures but... all transactions should be in pairs and  you only normally want one of each pair, though it can depend on your reinvestment settings. The QAA is basically two concentric circles. The inner is the money in the proper QAA earning interest, the outer is the money in transit, either going in or coming out (if the QAA is full its also where direct invest money queues) Anything you do will therefore have two statement entries, one for the outer and one for the inner. Entries relating to cash going into the outer circle are positive.So if you make a deposit, receive interest or transfer funds from cash account or inner circle, there will be a positive entry in the statement types a, b, c, e. Money moving out of the outer circle to cash, type d, or into inner circle, type f, g, are negative.

a Deposit (positive) Cash from external A/C into outer circle
b Instant withdrawal from QAA (positive) Cash from inner circle to outer
c Inter account transfer from cash account (positive) Cash from cash A/C to outer
d Inter account transfer to cash account (negative) Cash from outer to cash A/C
e Interest payment for Quick Access Account for month (positive) Interest paid by Assetz into outer circle
f Investment into qaa direct from Quick Access Account (negative) Cash from outer to inner (refers to sums already in QAA environment eg interest or queued funds)
g Investment into Quick Access Account (negative) Cash from outer to inner circle (has an external source originally)

To work out the balance of the account in normal circumstances we are only interested in transactions in and out of the inner circle f, g & b, everything else should mirror one of these. So to work out balance for month B, take balance at end of month A, add total of transactions type f,g (ignore minus) and deduct total of type b.

The complication is if the QAA has hit its cap then there will be cash in the outer circle not earning interest. Interest earning balance in inner circle is calculated the same but to get the balance of cash assigned directly to QAA you would need to include any transactions a, c, d, e that dont have a mirror transaction b, f, g. Not an issue at the moment.

The above only applies to direct invested funds, anything being swept would need to be calculated separately and has an interest entry into the parent account. I should also add I havent actually used the above, logically it seems correct but its untested. Dont have time.

Every transfer between different accounts will have at least 2  lines,  straight forward ones will have just 2, a positive and a negative


If say for example you want to transfer £2.00 from your QAA to 30 day Acc

Cash out QAA                      -£2.00
Cash in 30day acc.             +£2.00


If for example you have elected to put all cash awaiting investment to be swept into QAA and there is no room for all of it in the final destination at the time
 
Example-:  £100.00 from 30 day Acc to MLIA, but in this case only £30.00 is up for grabs at that moment.  This will have 5 lines
 
Cash out 30 day Acc                -£100.00
Cash in MLIA                            +£30.00
Cash in QAA                             +£70.00

The final lines of this transaction could be separated by non connected different 2 line transaction eg interest from MLIA to QAA

Cash out QAA                       -£70.00
Cash In MLIA                        +£70.00

All simple transfers ie no sweepings come in pairs

I have shortened the terminology to try to make it look less daunting!!!! 

Those are rather different points from your OP which was asking about the balance.  You don't need the transaction reports for that.  As it happens I am comfortable enough with AC not to feel the need to go through everything but the vast majority of my money is in the MLIA which is more transparent.  I do reconcile my TC accounts every month.

The only money of mine that is showing in two places on AC is cash swept from the MLIA to the QAA, which is correctly included only once in my account total.  I'm pretty sure that anything showing in cash won't also be in another account, but you can check this from the dashboard by adding up the balances. [Edit:  This must have been wrong as it's evident from comments below that it is possible to sweep from Cash to QAA, which would show up in both places.  This is not something I've done, because I put all my cash into the MLIA and have it swept from there.]


AFAIK all funds in the QAA and 30 day account earn the stated rate except for queued funds, and I've not seen any complaints that they don't (unlike the GBBA and GEIA, which work differently) but I don't use the 30 day account at all so I'm not really qualified to comment on that.

I have to admit that when I started p2pindependentforum.com/thread/6663/cash-account-qaa-statements-confused I was trying to be intelligent and make my spreadsheet read across the various 'account statements', reconcile the entries and project interest.  I got as far as MILA, QAA and GBBA and then decided there was more to life than adding in QAA direct .....

Not the easiest of tasks even for somebody that 'enjoys a good spreadsheet' .... 

This is your cash statement not your QAA statement. The transactions on 24/7 is a withdrawl from 30DAA to cash, that money is then swept into the QAA but it isnt actually literally in the QAA, its nominally in QAA so earning QAA rate,  so there wont be any entries in the QAA statement for it and any interest payments will show in the cash account. You have recieved interest on it, entires 1/8, 1/9/ 1/10 is the interest for this plus any other money in the cash account. Over the last 3 months the amount in cash account has increased with interest on these swept funds. Now you have moved this money directly into the QAA. Going forward there will only a small amount of interest paid from QAA into the cash.
account, just the earning from the 1 day before you transferred the 10k, plus any interest on that if you dont invest it directly each month.

The QAA entry on the dashboard shows the total investment in the QAA both direct and swept funds, in order to see the split between the two you have to click show more which then displays separate totals for each element. You should also have a QAA statement which I assume will show a direct investment of £10k and monthly interest paid on that. Add the interest from cash and QAA statements to get your total interest earnt on the 20k. Now you have moved the £10k from cash directly into the QAA all interest will appear in the QAA (bar the odd residual earning I mentioned above)

You also seem to have transferred money (interest) from direct QAA and 30DAA accounts in Jul/Aug to the cash account. As far as I can tell all your money has been earning at QAA rate.

Happy to help, though I should add everything is just my interpretation of the info provided. You are right IMHO there is no advantage in having any sum less than £25k directly invested in QAA. The only benefit of direct QAA investment is it jumps to the head of the queue when the account cap is reached. Did have this conversation with Chris a while back and I dont recall him offering a different interpretation but its still a little vague how money can be invested but not invested so to speak.