You can tell Morningstar Office to automatically record future distributions and splits in transactional accounts. However, if you import transactions from a custodian, corporate actions will be brought in through the import process, and performing the steps below will create duplicate transactions. If you are not importing transaction data, you can use the Morningstar Default Transaction settings, which tell the program to do the following:
Automatically record distributions
Automatically reinvest dividends
Automatically reinvest capital gains, and
Automatically record splits.
If you would like Morningstar Office to do some, but not all, of the above, you must create your own transactions setting. You cannot edit a default setting. To create a transactions setting for an account, do the following:
In the left navigation pane, click Portfolio Management. The Portfolio Management tab opens.
In the left-hand column, click Accounts. The Accounts spreadsheet opens.
Double-click the transactional account in which you want to work. The account opens, and you land in the Holdings area.
In the left pane, click the Profile/Settings folder. The Profile/Settings menu items appear.
Click Account Setup. The Account Basics screen appears.
In the bottom left-hand corner, click the Settings button. The Settings spreadsheet opens.
Click the New Setting drop-down and select New Transactions Setting. The Transaction Setting dialog opens.
In the Setting Name field, enter a name for the setting.
In the Default Cash Symbol field, click the magnifying glass icon. The Add Default Cash dialog opens.
Select a money market fund or user-defined cash and click OK.
If you want to record distributions, check the Automatically record distributions box.
If you want to reinvest dividends, check the Automatically reinvest dividends box.
If you want to reinvest capital gains, check the Automatically reinvest capital gains box.
If you want to record splits, check the Automatically record splits box.
In the For Settlement Date drop-down, select Use Trade Date or Use Settlement Date.
Click Save + Close. A dialog confirms that the setting has been saved. Click OK.
To apply the setting, do the following:
Close the Settings spreadsheet by clicking the red X or selecting Close from the File menu. You return to the Account Setup window.
In the left navigation pane, click on Account Setup to refresh the view.
Click the Transactions drop-down and click the name of your new setting.
Click OK. The setting is applied.
Note: The new setting will be applied only to the account you selected, not your entire practice.