Data entering new account has established positions two year

[reddragon]

I recently signed a customer up who has positions from three years ago. How do I enter the data from the account starting 01/01/2016 for the positions I am going to keep so that I only have responsibility for the performance of account starting beginning of year? Also how do I enter purchase dates on those securities so I have a cost bases?

[Mark]

Hi reddragon,

You can get the data in however is easiest for you. If you can import or retrieve that is easiest. If you don't have an electronic copy of their transactions, then you can manually enter the data. If you only want to track performance since you took over, you can just record some "transfer in" transactions on 1/1/16. In a transfer in you can record the cost basis separately from the market value. Performance will be based off the market value transferred in.