Investment Ledger - Opening Balance Event

The event is used to enter an opening balance for an Investment

What to enter

Reference

A reference can be entered if required

date

A date for the transaction is mandatory

Quantity

Enter the additional quantity (consistent with the UoM of the original investment)

Unit Price

Enter the additional value being purchased (consistent with the UoM of the original investment)

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