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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I can't delete my last post, but please ignore it as I think I have this figured out. To be sure though, here are 3 screenshots from my test file:
Step 1) This is the original share purchase from Duncan's example. I have purchased 10,000 shares @ $1.00 in a company called COY, with $30 brokerage on the purchase. (I know the purchase brokerage doesn't need to be separated out, but I like to do so anyway.)
Step 2) This where I have sold 4000 shares @ $1.50, with $30 brokerage on the sale.
Because I had originally bought those 4000 shares for $1, $4000 is the value I enter on the first line. (The Memo for that line annotates the original purchase date and value).
The second line is the brokerage, shown as a negative.
The last line is automatically showing $2000, being the profit.
Finally, here is my accounts list, showing the original value of $10,030 now reduced down to $6030, as I would expect.
My first question is, of course, "have I done everything correctly?" Other than that, I would appreciate advice (perhaps by way of a screenshot if that's easy enough) showing what I should annotate in the General Journal entry?
Thanks,
Hal