Accounting for capital gains of an investment asset?
DehanLouw
Member Posts: 2
So, I had some cash left over, and bough listed equities through an investment platform. As a DIY accountant- this introduces three questions for me, which I can't quite wrap my head around. Has anyone smarter than me maybe done this before?
- How to record the buying transaction?
- How to record the selling transaction?
- How to record the capital gain/loss resulting from the above?
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Hey @DehanLouw , we actually have a super handy Help Center article on accounting for capital assets in Wave. Check it out!
hi there.. i am wondering the same. How do i account for trading account balances the company actively holds and trades for investment purposes
Hey @TheRealJenn , you can check out the Help Center article that I posted above. If you do require any further advice past that, I'd recommend reaching out to an accountant or CPA as can be considered complex accounting.
thank you so much. I alreadcy did and it did not answer my query. I have figured out that I need to make a journal transaction to account for the trading asset balance but I am unsure how to make the adjustments every month to the balance of the trading asset balance.
I had a great session today with a Wave accounting coach and he helped me do the transactions for my ETF purchases.
Here's how it works: