EasyFarm Tutorial: Investment Transactions
Before entering investment transactions, make sure you have the proper accounts set up. These can be found in the manual under the investments section.
Let’s say we would like to enter a check of $5000 to our investment account at Charles Schwab. Enter the check and use the investment account 9106.
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Assign this to the appropriate investment account, which in our case, is 1195.
If we sell an investment, we will transfer the investment into account 4904, investments sold.
If you need this account to show up as income or expense, make sure you set up a non-farm income account in the 4700 group to keep track.
After you save the transactions, click on the asset tab to reduce the commodity from inventory.
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Next, we will look at money loaned out and contract on property transactions.
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