interest and taxes on cash accounts

[moisesz]

Hello, im really enjoying your software, but im having problems recording taxes on cash accounts, if i record taxes on cash account there is no adittion or substraction done?

i would like to o this,so i can balance my investment account without creating new investments for all my little investments, but be able to monthly balance.


Regards,

[Mark]

Hi moisesz,

To reduce your cash you can either record a sell, transfer out, or a reinvested distribution with a negative value/shares. If you paid some taxes, and want them to be factored in, reducing your overall performance, record these as a Reinvested (not distributed) Distribution. The type of distribution doesn't matter, but you could pick something like Foreign Tax or Other. Make sure the value and shares are both negative, and the price is 1. If you want to reduce your cash, but don't want this to impact your performance, record a sell of cash.

[moisesz]

Worked perfectly,

thanks and keep up the great work.