How do I record a transfer between investments?
This article is for churches and charities that account on an accruals basis.
This article explains how you can record a transfer between investments on ExpensePlus. 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) - one transaction for £500 paid in, and one for £500 paid out.
Note: 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 as a whole, please visit the module overview page here.