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DATA GUIDES

TRANSFERING FUNDS

10 min

Advanced

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Last update: October '18

Some funds (both variable and fixed) allow to transfer the invested money (part of it or all) to another funds without having to sell them. This has a fiscal advantage, as you don´t need to declare gains (if any) when you do the transfer, not until you sell them.

NOTE

You will need to check how the taxation is set in your country or state to know more about the specific legal benefits.

IN THIS GUIDE

#TransferingFunds

#UpdateData

#BackupData

#Operations

TRANSFERING FUNDS WITH IMAP

In IMAP you need to follow some simple steps to record it. First, we will identify the type of movements that are involved in this kind of operations:

Buy, when new fund titles come in to your portfolio.
Transfer-out, when some (or all) fund titles already in your portfolio are moved out from the fund to another fund.
Transfer-in, when some fund titles from another fund in your portfolio are moved in to a fund in your portfolio.
Sale, when fund titles in your portfolio left your portfolio.

Once this is clear, there are some rules you need to follow when input the data in the corresponding movements table.

You can't transfer (neither in nor out) any fund that has not at least one alive buy movement.
You shoulndn't transfer titles between the same fund (despite IMAP would allow you, it wouldn´t make any sense).
The amount (Total/ß field) of the "Transfer-out" movement must be equal to the amount of the "Transfer-in" movement. If your bank charges you a fee for this kind of operations, you must input this additional cost as an "Other Brokerage" output movement in the "Cash Movements" section.
"Transfer-out" movements must be input immediately before "Transfer-in" movements.
Linked to the previous point, "Transfer-in" movements must be input immediatelly after "Transfer-out" movements.

6. You can "Transfer-out" from "Buy" or "Transfer-in" movements.
7. After inputting all the transfer movements, you have to launch the update process to recalculate the data and to refresh all the information in IMAP.

The profit or loss is never accounted until you sell the fund (totally or partially). Despite this, internally IMAP is keeping track of the accumulated profit or loss to control it and for your information.

NOTE

You have more information about the update process in the Data management in IMAP guide. We strongly encourage you to make a backup before updating the data after inputting a transfer, and check that all the information related to the involved funds is right.

IN-LINE ALERTS

To help you input the data properly, the platform will give you two alerts when inserting transfer fund records:

Yellow line, when a "Transfer-out" movement isn´t followed by a "Transfer-in" movement, and vice versa.
Red line, when you need to launch the update process after inputting transfer fund records.

One place,

all your imap resources

DATA GUIDES

TRANSFERING FUNDS

10 min

Advanced

Share this guide:

Last update: October '18

Some funds (both variable and fixed) allow to transfer the invested money (part of it or all) to another funds without having to sell them. This has a fiscal advantage, as you don´t need to declare gains (if any) when you do the transfer, not until you sell them.

NOTE

You will need to check how the taxation is set in your country or state to know more about the specific legal benefits.

IN THIS GUIDE

#TransferingFunds

#UpdateData

#BackupData

#Operations

TRANSFERING FUNDS WITH IMAP

In IMAP you need to follow some simple steps to record it. First, we will identify the type of movements that are involved in this kind of operations:

Buy, when new fund titles come in to your portfolio.

Transfer-out, when some (or all) fund titles already in your portfolio are moved out from the fund to another fund.

Transfer-in, when some fund titles from another fund in your portfolio are moved in to a fund in your portfolio.

Sale, when fund titles in your portfolio left your portfolio.

Once this is clear, there are some rules you need to follow when input the data in the corresponding movements table.

You can't transfer (neither in nor out) any fund that has not at least one alive buy movement.

You shoulndn't transfer titles between the same fund (despite IMAP would allow you, it wouldn´t make any sense).

The amount (Total/ß field) of the "Transfer-out" movement must be equal to the amount of the "Transfer-in" movement. If your bank charges you a fee for this kind of operations, you must input this additional cost as an "Other Brokerage" output movement in the "Cash Movements" section.

"Transfer-out" movements must be input immediately before "Transfer-in" movements.

Linked to the previous point, "Transfer-in" movements must be input immediatelly after "Transfer-out" movements.

6. You can "Transfer-out" from "Buy" or "Transfer-in" movements.
7. After inputting all the transfer movements, you have to launch the update process to recalculate the data and to refresh all the information in IMAP.

The profit or loss is never accounted until you sell the fund (totally or partially). Despite this, internally IMAP is keeping track of the accumulated profit or loss to control it and for your information.

NOTE

You have more information about the update process in the Data management in IMAP guide. We strongly encourage you to make a backup before updating the data after inputting a transfer, and check that all the information related to the involved funds is right.

IN-LINE ALERTS

To help you input the data properly, the platform will give you two alerts when inserting transfer fund records:

Yellow line, when a "Transfer-out" movement isn´t followed by a "Transfer-in" movement, and vice versa.

Red line, when you need to launch the update process after inputting transfer fund records.

<<<

BACK TO DOCUMENTATION

Did you like this guide?
Was it comprehensive and easy to understand? Let us know.

One place,

all your imap resources

DATA GUIDES

TRANSFERING FUNDS

10 min

Advanced

Share this guide:

Last update: October '18

Some funds (both variable and fixed) allow to transfer the invested money (part of it or all) to another funds without having to sell them. This has a fiscal advantage, as you don´t need to declare gains (if any) when you do the transfer, not until you sell them.

NOTE

You will need to check how the taxation is set in your country or state to know more about the specific legal benefits.

IN THIS GUIDE

#TransferingFunds

#UpdateData

#BackupData

#Operations

TRANSFERING FUNDS WITH IMAP

​

In IMAP you need to follow some simple steps to record it. First, we will identify the type of movements that are involved in this kind of operations:

Buy, when new fund titles come in to your portfolio.

Transfer-out, when some (or all) fund titles already in your portfolio are moved out from the fund to another fund.

Transfer-in, when some fund titles from another fund in your portfolio are moved in to a fund in your portfolio.

Sale, when fund titles in your portfolio left your portfolio.

Once this is clear, there are some rules you need to follow when input the data in the corresponding movements table.

You can't transfer (neither in nor out) any fund that has not at least one alive buy movement.

You shoulndn't transfer titles between the same fund (despite IMAP would allow you, it wouldn´t make any sense).

The amount (Total/ß field) of the "Transfer-out" movement must be equal to the amount of the "Transfer-in" movement. If your bank charges you a fee for this kind of operations, you must input this additional cost as an "Other Brokerage" output movement in the "Cash Movements" section.

"Transfer-out" movements must be input immediately before "Transfer-in" movements.

Linked to the previous point, "Transfer-in" movements must be input immediatelly after "Transfer-out" movements.

6. You can "Transfer-out" from "Buy" or "Transfer-in" movements. 7. After inputting all the transfer movements, you have to launch the update process to recalculate the data and to refresh all the information in IMAP.

The profit or loss is never accounted until you sell the fund (totally or partially). Despite this, internally IMAP is keeping track of the accumulated profit or loss to control it and for your information.

NOTE

You have more information about the update process in the Data management in IMAP guide. We strongly encourage you to make a backup before updating the data after inputting a transfer, and check that all the information related to the involved funds is right.

IN-LINE ALERTS

​

To help you input the data properly, the platform will give you two alerts when inserting transfer fund records:

Yellow line, when a "Transfer-out" movement isn´t followed by a "Transfer-in" movement, and vice versa.

Red line, when you need to launch the update process after inputting transfer fund records.

<<<

BACK TO DOCUMENTATION

Did you like this guide? Was it comprehensive and easy to understand? Let us know.

6. You can "Transfer-out" from "Buy" or "Transfer-in" movements.
7. After inputting all the transfer movements, you have to launch the update process to recalculate the data and to refresh all the information in IMAP.

Did you like this guide?
Was it comprehensive and easy to understand? Let us know.