QBsguru
Level 7

Other questions

If you are the HOA, this would be the correct way to set up the investment account.  Interest and gains and losses are added each month to correspond to the bank statement.  Changes in market value are generally recorded using an OTHER INCOME account named UNREALIZED GAINS/LOSSES.  Actual gains and losses are not recognized until the funds are sold. 

 

Gains/Losses and Interest Income are P&L accounts.