Hi all,
I have been tracking CD's in money for a while. What I had been doing was to
buy a $10,000 CD in "investment A" from my Checking account. When I received
interest I would go under cash transactions and record them in category CD
Interest. When the CD expired I redeemed the CD for the principal + interest.
But this leaves my Account value to a value equal to the interest amount.
I read through here and found that instead of using the cash transactions I
should do "reinvest interest" for interest transactions. I changed all the
amounts to reflect the change. Now when I go to redeem the CD with the
following information:
Investment: Investment A
Activity: Redeem CD/Bond
Transfer to: Checking 1
Value: 10000
Interest: 500
Total: 10500
I get this error.
"Adding this Sell, Remove, or Redeem Shares activity will cause the balance
of 'Investment A' held in this investment account to become negative at some
point. Please cancel or revise the transaction."
What am I doing wrong here? Or is it money that is causing the problem?
Please guide me as to what can I do to get this fixed.
Thank you.