Cash account- buy or transfer in

[paullayzell]

Hi all

I have trying to work out the difference in reports and graphs when you use 'buy' or 'transfer in' when adding cash to a cash account. Can anybody summarise?

thanks
Paul

[Mark]

Hi Paul,

The only reason to use a Transfer In over a Buy is if you need to separate the purchase cost from the tax basis. Usually this isn't something needed in cash, so I'd suggest just always using a Buy instead of a Transfer In when adding cash to a cash account.