How do investments work?
The Investments module in ExpensePlus allows you to:
- add investments to your balance sheet;
- manage investments by recording gains and losses.
Note: You only need to record investments in ExpensePlus if you prepare your accounts on an accruals basis. If you account on a receipts and payments (cash) basis, at each year-end, you simply need to state the total value of your investments at that point in time on your assets and liabilities statement.
Learn more about this here: Choosing your Accounting Basis when setting up ExpensePlus
Before you get started, you need to set up any investments that existed prior to you using ExpensePlus in the fund settings screen as part of setting up your opening fund balances. You can see more details on setting up your opening fund balances in this help guide article.
Please watch this overview video which explains the functionality of the Investments module: