Investment Ledger - Income Event
The event is used to add income earned from the investment
What to enter
- Reference
- A reference can be entered if required
- date
- A date for the transaction is mandatory
- Income
- Enter the amount of the income received
- Income Account
- Select the appropriate Income account to record the amount
- Bank Account
- Choose the bank account
Accounting Entry Structure
The transaction will be based upon a payment transaction as the investment is being purchased. So debit (increase) bank account and credit (increase) the income account