Investment Ledger - Addition Event
The event can be the initial addition of a new investment or adding to an existing investment
What to enter
- Reference
- A reference can be entered if required
- date
- A date for the transaction is mandatory
- Quantity
- Enter the quantity added (consistent with the UoM of the original investment if adding to an existing holding)
- Unit Price
- Enter the unit price for the purchase (consistent with the UoM of the original investment if adding to an existing holding)
- Fees and Fee Account
- Enter any fees paid associated with the transaction and select the expense account to record them to
- Supplier
- Select the provider from whom the purchase is being made
- Bank Account
- Choose the bank account to record the payment.
Accounting Entry Structure
The transaction will be based upon a payment transaction as the investment is being purchased. So Credit (reduce) bank account and Debit (increase) the investment holding account and fees expense account.
After the addition event a revaluation event is automatically triggered at the current unit price.