How to record surplus money invested under the business account

sanjeevjsanjeevj Member Posts: 23

My Business account had surplus funds I did not need to use, so I opened an investment account under it and invested some of the surplus in a balanced mutual fund. I know the tax implications but any post-tax return is better than the money sitting idle.

1) In wave app, where should I create this new investment account? I will have to move money from the checking account under the Business account to the investment account (which is also under the Business account)?

2) How should I account for the increase (or decrease) in the value of the investment over time? Under what header?

Tagged:
edited August 17, 2021 in Accounting Technical Support

Comments

Sign In or Register to comment.