General Questions
• What is Simply Track ?
Simply Track performs portfolio tracking, Cost basis calculations and Schedule D generation. Simply track imports/downloads your stocks, options and mutual fund data and performs trade matching and generates capital gains and losses reports for Tax filing.
• How to get my trades into Simply Track?
Getting Trades into Simply Track tool is called importing, Check out our import sections how you can import from various brokerage forms.
• Can I import trades directly from my broker?
Simply Track supports two types of imports. 1. Online Imports 2. File Import. During online import you can import trades directly from brokerage firm with the same users and password. Simply Track securely downloads your trades and performs trade matching.
• Can I download last year data from Online broker?
Most online brokers provide only last 18 months. Some brokers only provides last 90 days. If you are not seeing last year trades during online import then you will have to use file import.
• My download works but I am not seeing all trades?
Some brokers only provides last 90 days. If you are not seeing all trades during online import then you will have to use file import.
• What if my online broker not in the list of supported brokers?
You will have to download your trade history into Excel files then use Simply Track File import.
• Where is my trade data stored in Simply Track tool, does it uses database?
No database, All trade data is stored inside tool itself in a file called Simply track Data (.STD) files. All your trades are saved automatically into STD file in the form of portfolios. Location of current STD file can be found on Simply track Title bar as shown below.
• What is portfolio?
All your trades are stored in Simply Track portfolios. All portfolios are saved in STD file.
• I have account with multiple brokers; do I have to create multiple portfolios?
We recommend you create separate portfolios for each online broker. Once you import all your trades into portfolios you can combine portfolios during the report generation.
• Is there a limit on number of trades?
No limit, but you will notice performance degrading once you cross more than 10,000.
• How trades are matched during the Import?
First In First out (FIFO) method to match your buys to sells (long or
short). Simply Track (ST) Compares Trade Dates to match buys to sells or
Sells to Buy for Short Sales.
Buys/sells for the same day are matched in the order they appear in which
your input files.
• Can Simply Track supports unequal number of shares during Import, meaning I Buy 1000 shares and then I sell it in 3 different transaction with 300
shares , 200 shares and then 500 shares?
Yes, Simply Track supports unequal number of trades for both long and Short Sales.
• What are various trade types (strategies) Simply Track follows?
Simply Track follows LONG, SHORT, SOLD LONG, SOLD SHORT.
Your Trades will be mapped into one of these four strategies
Closed Long : Regular buy and sell closed trades.
Closed Short : Short sales and then covered later date.
Long : Current holdings (Long positions)
Short: Current holdings (Short positions)
Sold Long and Sold Short are closed trades. Long and Short are current holdings. During the import if Simply Track finds a buy trade first and then sell trade it matches these two trades into “SOLD LONG”. Opposite of this is “SOLD SHORT”. If it finds a buy trade and no corresponding sell trades then it assumes the trades as LONG. If it finds a sell trade and no corresponding buy trades then it assumes the trades as LONG
• During the import i noticed Short Sales but I never shorted any stock ?
Simply Track performs First In First Out trade matching, If it finds a Sell trade but no corresponding buy trade then Simply Track flags the trade as Short Sale. To fix this you must provide corresponding buy trade or Edit the trade and change the strategy to Long instead of Shot.
• During the import i noticed Short Sales but I never shorted any stock ?
Simply Track performs First In First Out trade matching, If it finds a Sell trade but no corresponding buy trade then Simply Track flags the trade as Short Sale. To fix this you must provide corresponding buy trade or Edit the trade and change the strategy to Long instead of Shot.
Technical issues/Errors
• None of the trades are imported ? I see blank screen after running import.
If you are importing Excel CSV file ( File Extension is .csv), Open the file in Excel and click on File->Save as and make sure file is Comma delimited not TAB delimited file. If you have Excel on your PC then Click on File->Save As Excel Work book. .Simply Track imports Excel file much better then comma separated CSV file.
• Import Error! No Excel App Found on PC!
If you are trying to import Excel file and Excel is not installed then you will get this error. Try save the file as .csv and try again,
• During Import “Import Error ! <Error Message>
During import Simply Track validates date, price, and quantity columns. You have Bad data in file or May be characters in price
Column.
• Error occured,,PC.pas,Continue to run or Overflow error?
This happens if you add a trade and date column is out of bound, example you entered data as 01/01/20070. Send your STD file to support@vbsssol.com and we will fix the error.
• Error in Downloading Online Trades <Error Message>.
Make sure your internet connection is up, Some time rebooting the system will fix the download issues.
• Error in Downloading Online Trades <Error Message>.
Make sure your internet connection is up, Some time rebooting the system will fix the download issues.
