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treasurer15
Level 1

I am the treasurer for a small non-profit. How can I add an investment account so the monthly reports show how our investments are doing?

 
1 Comment 1
QBsguru
Level 7

I am the treasurer for a small non-profit. How can I add an investment account so the monthly reports show how our investments are doing?

Set up three "other income accounts"

1) Taxable dividends/interest

2) Unrealized gains/losses

3) Realized gains/losses

 

You only record realized gains/losses when you sell investments.  Your statement should show taxable dividends and interest which is usually reinvested.  Unrealized gains/losses is the change in market value.  Make a journal entry to record the change in value from the previous for the total in the investment account.  Credit any taxable dividends/interest.  If no sales have been made the difference is unrealized gains/losses.  Sales only occur when money is withdrawn from the account.  Sales between funds within the investment accounts are just transfers within the account and are not recorded on the books.

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