How do I enter partly paid amounts on shares?
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Chris Nunn
Member Posts: 4 ✭
Does anyone know how to enter investment purchases on Reckon Accounts Personal Plus where the full commitment might be $1 but only, say, 20c is called initially, then other call amounts until you get to $1?
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Comments
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Hi Chris
One way to do sixths would be by entering the initial 20c as the cost, and then making additional "capital contributions" - which increases the paid capital base, without changing the number of shares.0 -
Thanks David, prima facie, that sounds like a good suggestion but what Transaction type is "capital contributions" or enables me to increase the cost base without increasing the number of shares? I am using Reckon Accounts Personal Plus 2019 and there seems to be no such type available. Sorry if I am missing something.0
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Hi Chris
What you are missing is that sometimes you need to enter data in Reckon as negatives.
Therefore, by using the 'capital return' transaction type, with a negative sign, you should achieve the desired goal.
Good luck
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Thanks. I guess sometimes the "bleeding obvious" eludes us!! I will try that and advise.0
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