How do I record a transfer between investments?

This article explains how you can record a transfer between investments on ExpensePlus.

This article is for churches and charities that account on an accruals basis.

When to record a transfer of investments

Perhaps you are consolidating two investments into a single investment.

For example, you want to move £500 from Investment A to Investment B.

This can be represented by a pair of virtual transactions:

you're returning £500 from Investment A (which will result in £500 cash being generated);
you're then immediately reinvesting this £500 cash into Investment B.

To represent this on ExpensePlus, you can manually upload a pair of bank transactions (to any account).

Continuing the example above, this would be one transaction for £500 paid in, and one for £500 paid out.

Because the amounts are equivalent, there will be no net effect on the bank balance.

Then, on the match transactions screen:

code the £500 paid-in transaction as 'Investment Returned' and choose Investment A;
code the £500 paid-out transaction as 'Money Invested' and choose Investment B.

To help you better understand the Investments module, please visit the module overview page here.