How to choose the right account type in FundStat

Start from workflow, not from features

Beginners often compare features only. A better approach is to decide how you want to work day to day:

• Choose Simple if you want to start quickly and enter data manually with optional automation.
• Choose Detailed if your main workflow is importing broker files.
• Use more than one account when different brokers or strategies need different workflows.

Simple vs Detailed in practice

Visual guide: how account types work in FundStat

Below you will find screenshots from the actual process. The sequence is arranged from account creation to working with data and mixing types.

Example 1

Simple account without automation

In this mode you manage everything manually: deposits, withdrawals, BUY, SELL, and fees.

• Dividends are added automatically for Simple accounts, both with and without automation.
• Migration from MyFund is available for this account type.
• Currency conversion is done manually. If you deposit only PLN and buy a USD asset (e.g., an S&P 500 ETF denominated in USD), first add a USDPLN conversion for the correct amount.
• Otherwise, your USD balance may go negative, and currency-related values will be misleading.
• If you want to do this automatically, see Example 2.

Example 2

Simple account with auto-topups and auto-conversion

This variant reduces manual work and works well for an accumulative approach.

• FundStat creates automatic entries whenever there are insufficient funds on the account after adding a BUY or fee.
• You can treat this mode like an accumulative account, where every operation has an automatically "attached" top-up if funds are missing. Paid dividends accumulate cash on the account which is used to fund subsequent operations.
• FundStat automatically adds currency conversion when buying a foreign asset, ensuring correct currency allocation.
• In Simple accounts, dividends are added automatically.
• Migration from MyFund is available for this account type.

Example 3

Creating a Detailed account

Detailed accounts are prepared for import-based work and precise transaction history replication.

• Detailed accounts are focused on importing transactions from broker files and precise history replication.
• In Detailed accounts, dividends are not added automatically; they must be added via broker file import.
• This type of account offers much more control, but you must ensure the transaction history is accurately reflected.
• Stock splits are handled automatically in every account type.
• Remember about appropriate currency exchange if you buy foreign assets and do not have the required currency.
• Migration from MyFund is available for this account type.

Example 1 - Adding transactions

Adding records in a Simple account without automation

After creating this account type, you manually add deposits, withdrawals, BUY, SELL, and fees.

Example 2 - Adding transactions

Adding records in a Simple account with automation

With auto-topups and auto-conversion enabled, there is less manual entry as some data is created automatically.

Example 3 - Adding transactions

Importing full history in a Detailed account

Some brokers (e.g., BOS) have separate exports for transactions and cash flows. For the history to be complete, you need both files.

• Deposits and dividends may only be available in the financial history file.
• For brokers with a single full export, you will see only one dropzone.
• In Detailed accounts, dividends should come from broker file imports (financial history section, if separate).
• Always check the import instructions for your specific broker.

Final view: three accounts side by side

This list shows a mix of three accounts. This approach works well when each account has a clearly defined role.

Is it worth mixing account types?

In many cases, yes. As your portfolio grows, it is the cleanest workflow model.

• Use a Simple account for smaller or manual portfolios where speed is most important.
• Use a Detailed account for main broker accounts with regular imports where you have many operations.
• Example: for an IKE account where you usually only deposit funds, plan no withdrawals for years, and buy only a few ETFs, a Simple account with auto-topups and auto-conversion is often a better choice because there is less manual work than even importing a short statement.
• Since account type cannot be changed later, it is better to create a second account than to force everything into one model.

Recommended setup for the first 30 days

1. Create a Simple account and try to replicate your transaction history manually.
2. Create an identical Detailed account and try to replicate your transaction history using broker file imports.
3. Verify which approach better suits your needs and, if necessary, keep only the account that works for you.