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
Hal,
Say 4000 shares of 10,000 costing $10,000 were sold.
You write on the Buy Contract Note 4000 shares sold on a date.
This is then filed with the other Contract Notes.
Take a copy of the Buy Contract Note with the sale of 4000 shares noted.
Say the 4000 shares were sold at $6000 - there is a capital gain of $2000.
$6000 Sale - $4000 Buy is written on the Sale Contract Note (adjusted for Brokerage) ie say $5970 for Sale.
The copy of Buy Contract Note is attached to the Sale Contract Note.
You then do a Journal for the Gain/Loss - the Journal Number and date are written on the Sale Contract Note.
Hope this helps.
Duncan