How to add a share transaction to a ledger
From Timetotrade
You can use the investment tab to enter share transactions for listed and unlisted companies. Please note that if the equity is unlisted or floated on a stock exchange that is not supported by timetotrade, you can manually update the last trade price for open positions.
Contents |
Step 1: Select a Ledger
To view the investment tab for a specific ledger, either use the drop down navigation menus as illustrated:
or click on the Ledger as illustrated:
and then click on the 'investments' tab as illustrated:
Step 2: Edit Transactions
Within the investments tab for a given ledger, the share transactions section lists the historical investment transactions that occurred between the selected 'start date' and 'end date'. To add a share transaction, click on the share transaction ‘edit’ button as illustrated in the following screen shot.
Step 3: Enter the Investment Transaction
Enter the share transaction details as illustrated in the following screen shot example.
Note that London Stock Exchange shares must be entered in their international format by adding .L to the EPIC for example Barclays is entered BARC.L or Vodafone is entered VOD.L.
The investment transaction types supported are:
- Buy Long: Buy to open a long position
- Sell Long: Sell to close a long position
- Sell Short: Sell to open a short position
- Cover Short: Buy to close a short position
For transactions that occurred between the 6th April 1998 and the 5th of April 2008 (inclusive) two levels of Taper Relief are available. The level of Taper Relief depends on the number of years you have owned your investment and the classification of the investment. The 'asset type' field is used to define if the investment is classified as a Business or Non-Business asset. Typically shares traded on the main London Stock Exchange are classified as Non-Business assets, however shares traded on the Alternative Investment Market (AIM) are typically, but not always, classified as Business assets. Please consult with your Stock Broker or the Investor Relations department of the company you have invested in, if you are not sure as to whether or not the investment is classified as a Business or Non-Business asset. For investments before the 6th April 1998, or after the 5th of April 2008, Taper Relief is not applicable, therefore set the asset type accordingly.
Please note that the price associated with a UK share and dividend transactions should be entered in pence (GBX); commissions and tax should be entered in pounds (GBP). For US Dollar and Euro transactions all fields should be entered in Dollars and Euro respectively.
When entering a transaction, you do not have to enter the commission and tax; alternatively you can directly enter the total cost as shown in the following screen shot. It is recommended that you complete all fields as this information is also used for generating reports.
When you are finished adding share transactions click on the 'cancel' button.
Further Reading
- Click here to return to the Accounts tab
- Private Investor User Manual table of contents
- Investment Club User Manual table of contents
- Capital Gains Tax User Manual
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