@Rainflurry
Excellent solution. The NFP balance sheet does not need a lot of detail. I created a bank sub-account (savings) for one of the US Treasury investments and funded it with the transfer function. Super easy. I will continue this going forward for all the fixed income investments.
If I could expand a little on the same question: The NFP invests the interest earned from fixed deposits into Schwab Money Market shares until this balance is large enough to re-invest in another fixed income product. At this point, the Money Market shares are sold. This weekly or monthly cycle of transactions will appear in the bank detail as:
>Spent column: when purchasing MM shares
>Received column: when MM shares are sold
>Received column: interest earned from the MM shares
The interest earned could be recorded as Non-Profit Revenue. For the purchase and sale of Money Market shares, should I create a bank sub-account for the Money Market fund, and list these transactions as transfers back and forth to the Schwab parent bank account?
