What are the different transaction types?

Here you will find a list of the various types that can be assigned to transactions in iBank. The definitions provided for banking transaction types are relatively loose; although some types force transaction amounts to be either positive or negative, the differences between these types are for the most part nominal. The transaction types for investment transactions are more strictly defined and affect the behavior of the transactions, so you should use discretion when choosing the appropriate type for these transactions.

Banking account transaction types:

• ATM: Deposit or withdraw funds using an ATM.
• Charge: Record a purchase on a credit card or withdraw funds using a debit card.
• Check: Withdraw funds by writing a paper check. Choosing this type will automatically insert a number in the '#' field (the next number in sequence from the last check recorded).
• Deposit: Add funds to an account by any method.
• Online: Withdraw funds through a web-based store or online banking service.
• POS: Withdraw funds through a point-of-sale transaction (typically a cash or debit card purchase).
• Transfer: Move funds from one account to another (for more information, see Account Transfers).
• Withdrawal: Deduct funds from an account by any method.

Investment account transaction types:

• Buy: Withdraw cash and purchase shares of a security.
• Buy to Close: Close a short position (opened with "Sell to Open") by withdrawing cash and purchasing security shares or option contracts. Use this transaction type with a price of "0.00" to close a short position for contracts that expired or were exercised.
• Buy to Open: Withdraw cash and purchase option contracts (to open a long position).
• Dividend: Deposit cash received from the profit made on an investment. Use the funding/distribution type to record a reinvestment instead of a cash dividend.
• Cap. Distribution: Deposit cash received as a return of capital distribution that should not be treated as a dividend for tax purposes. The cost basis of the security is also reduced by the same amount.
• Cap. Gains Long: Deposit cash received from a mutual fund, partnership, or hedge fund from the sale of long-term security shares (the number of shares you own is not affected).
• Cap. Gains Short: Deposit cash received from a mutual fund, partnership, or hedge fund from the sale of short-term security shares (the number of shares you own is not affected).
• Interest Income: Deposit cash earned as interest on a security (most commonly a bond).
• Move Shares: Add or remove shares of a security without affecting the cash balance of your accounts and without incurring a capital gain or loss. Entering a share price with this transaction type while adding shares will adjust the cost basis for the corresponding security. Use this transaction type for recording gifts of stock, security transfers, and other share adjustments.
• Sell: Deduct shares of a security and deposit cash from the sale.
• Sell to Close: Close a long position (opened with "Buy to Open") by deducting option contracts and depositing cash from the sale. Use this transaction type with a price of "0.00" to close a long position for contracts that expired or were exercised.
• Sell to Open: Open a short position by deducting security shares or option contracts and depositing cash from the sale.
• Split: Record a stock split. Enter the number of shares gained as a result of the split, or in the case of a reverse split, enter the number of shares lost as a negative number.

In addition to the primary transaction types, funding/distribution types also affect the behavior of investment transactions. For more information, see Investment Transactions.