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?

edited August 17, 2021 in Accounting Technical Support


Sign In or Register to comment.