Your MYOB software isn't specifically designed to track the buying and selling of shares, but it's flexible enough to be customised for this purpose. We'll step you through one method you can use to ...
Updated 9 years ago
Version 1.0
Blog Post
HAL9000 SupportNoteGuy Steven_M
Hal,
In over 15 years of using MYOB for share portfolios, I have never used Purchases or items.
My preference is to use Spend Money and Receive Money.
The Portfolios that I handle have less than 20 Investments so each Investment is listed separately on the Balance Sheet.
Some Accountants might prepare a Balance Sheet with a total of ASX Listed Shares.
If that was the case, then a list outside MYOB would be kept.
This list is provided continually by the Broker during trading hours.
I print out the portfolio from the Broker website say quarterly and agree the Market Value to MYOB.
Duncan