How do I record a bank account expense that is for purchase of shares in another company?
My company has purchased shares in another company. The payment made for the shares appears as a bank account transaction. How do I record this payment in Quickbooks please?
I have an Investments account in my Chart of Accounts which is of type Tangible Assets. Is this where I should put it? Should I create a journal entry as I believe it shouldn't appear on my P&L as an 'expense'.