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acct2025
Level 1

purchase of investments

I incorporated my business a few years ago.  I accumulated some capital, so I purchased one year GICs in within my corporate account.  I am not sure how to itemize the purchase of the GICs in quickbooks.  I read a few suggestions here that make sense, thanks for those.  For example, one suggestion was to itemize the GIC purchase as an expense, and the brokerage of the GIC as the vendor, and the GIC as an asset purchase, so it does not affect profit and loss. Just want to double check.  Thanks

 

Any suggestions? Thanks in advance

1 Comment 1
Trish_T
QuickBooks Team

purchase of investments

Hi acct2025,

 

It's a pleasure to see you in Community.  Welcome!  It's important that you're able to record your investments accurately in QuickBooks Online.  Due to the nature of your situation, the best course of action would be to speak with an accounting professional.  If you don't have an accountant, we can help you locate a ProAdvisor in your local area.  However, other QuickBooks users and accountants may also provide valuable information on this thread, so keep an eye out for additional suggestions.

 

Feel free to reach back out, if other questions come to mind.  We'd be happy to help!

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