Account interest
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Account interest Hello, I have a simple question- We use an automatic investment plan and I our brokerage pulls the amount we decided to invest in the stocks we have chosen as a group and the purchase takes place on a tuhrsday afternoon. Our money is pulled wednesday evening and sits in a FDIC deposit account until the purchase. During this time of a day the money earns money until the purchase is made. The money earned is very small, but part of the transaction purchase. Should I enter this into bivio as account interest? Or money maket payment? Thanks Kevin Egan writes: > made. The money earned is very small, but part of the > transaction purchase. Should I enter this into bivio as > account interest? Or money maket payment? It is not a "payment". It might be a money market dividend. You will have to ask your broker whether it is a dividend or interest. Cheers, Rob |
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