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
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Hal,
Whether you are a Share Trader or not, is a decision for you and your Tax Accountant.
From my knowledge, you are perhaps on the verge, conservatively I would say not, and it may be worth contacting the ATO.
As Julie mentions, the recording of the share transactions is different depending on whether you are a Share Trader or not.
I do prefer the Spend Money and Receive Money.
I would obtain a copy of the Annual Summary from your Financial Planner and agree it to MYOB.
Duncan