Part 5 in this series of tracking investments bookkeeping will cover cost basis and market value adjustments. To re-cap from what you may already know: Cost Basis = What you actually paid at the time you purchased your stock. Market Value = What your stock holdings are worth today on the open market. If you
Read MorePart 4 in this series of tracking investments bookkeeping will cover reinvested dividends and market value adjustments. In general, Reinvested Dividends do not get paid out in cash, but rather the income is simply reinvested in the underlying equity; in other words, more shares of stock are purchased with the earned dividends. In general,
Read MorePart 3 in this series of tracking investments in your QuickBooks Desktop file will cover selling your paper investments. When you engage in the sale of your investment (or even a fixed asset), there are essentially three main categories to be concerned with and thus adjusted here: Cost Basis Gains or Losses as a
Read MorePart 2 in this series of tracking investments in your QuickBooks Desktop file will only cover tracking your cost basis of your paper investments. For each type of equity holding that you purchase: Example: 50 shares of XYZ, Inc. at a market price of $2/each = a value of $100 cost basis. I like
Read MoreOverall, it is always recommended that you choose proper befitting software or other method for your own manual investments tracking needs. This series of blogs will delve into a possible method for tracking your paper investments within a specifically created QuickBooks Desktop company file. To begin, you should always begin the bookkeeping for your
Read MoreMy client Donna wants all of her paper investments, such as certificates of deposits, mutual funds and IRA’s, tracked in her QuickBooks financial software. Normally people use more specialized personal bookkeeping software, such as Quicken, to track all of their investment activities, simply because Quicken can normally be tapped in to automatically update your investment
Read MorePaper investments, such as stocks, bonds, mutual funds, money market accounts, etc., are probably best tracked in a personal financial software such as Quicken because the auto-feeds capability of Quicken can handle and book these sophisticated entries to recognize events such as reinvested dividends, capital gains and interest income. However, not all of us are
Read More
AccuraBooks