CFD Transactions

[Seanstevens]

All

I need to set up an account for my Investment-CFD business account. Can you share information on how to set up the ledger account and also record transactions and which accounts need to be created. 

After reading, there needs to be a initial Custom Holding account. New Income expense accounts for both the gain and losses. 

Any help here would be appreciated. 

Sean

[Yanike_S]

Hi @Seanstevens 

This would be something that I would be speaking to the accountant/your accounting advisor about as it would be outside of the scope of MYOB support. We would be able to assist with entering the transaction with your company file if any are required i.e. once you know what accounts, tax codes, and amounts involved in the transaction.

However, in saying that, some members of the MYOB Community may be able to provide some guidance on this situation. I do hope they share their experiences with that.