What happens if I sell or liquidate an investment?
This article explains how to record on ExpensePlus when you sell or liquidate an investment.
Your organisation's investment portfolio is shown in the Investments module.
This article is for churches and charities that account on an accruals basis.
In this article:
How to record when you sell or liquidate an investment
When an investment is sold or liquidated, its cash value will be deposited into one of your bank accounts.
In this example, we're going to liquidate Investment F1 96 with a balance of £1,000.
Within the bank matching screen, find the income transaction with the funds transferred from the investment.
Click on it to open the 'Enter New Transaction' pop-up.
In the 'Transaction Type' dropdown menu, choose 'Investment Returned'.
Then choose the relevant investment.
Viewing your investments on the investments screen
When returning to the Investments module, you will now find the balance is zero.
You can now close the investment by clicking the 'X' (close) button to the right of the table.
To help you better understand the Investments module, please visit the module overview page here.