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Bringing in an existing portfolio

Specify investments and accrued interest already on your opening balance.

Use Opening position for investments already held when the administration starts. This specifies the existing opening balance; it is not a new purchase or payment.

Step by step

1First record the opening balance in the ledger. Gather the portfolio statement at that date and the historical costs. Market value alone does not show the original cost.
2Open Opening balance > Assets and securities > Add an opening security or contract position, then choose the investment type. Use the first financial year’s start date, the same date as the opening balance.
3Select the investment and, where applicable, broker account and holdings or short position. Enter the actual quantity, original total cost and existing carrying value in the accounting currency.
4Example: 100 shares have €1,000 original total cost and appear on the opening balance at €800 after an earlier write-down. Enter quantity 100, cost 1,000 and carrying value 800. Average cost is €10; opening carrying value is €8 per share.
5For bonds, you can separately specify accrued interest and its existing carrying value. For futures, enter only existing contract quantities. Crypto and participations do not require a broker account.
6Check the preview and choose Save opening balance specification. Then compare the specified total per account with the ledger opening balance in Opening balance reconciliation. Correct a difference in the specification or the opening balance.