Entering a Margin Loan
You can enter a Margin Loan under the Cash and Term deposits tab as a New Account.
- Click the New Account button
- Type the Name of the Margin Loan
- Type in $0 under Initial Deposit ($)
- Type the Date of the Margin Loan.
- Under the Notes section, enter the Interest Rate Information (see example below)
- Click Save
Now, that you have a 'Margin Loan Account' created you can use this as a default cash source for a portfolio.
See Article: How to setup a default cash account
Recording Interest on Margin Loan Account
- Under the Cash & Term Deposits tab
- Click on the name of your Margin Loan account
- At the bottom of the page, under the Interest and Fees section
- Click on New Interest/Fee button
- Type the Date
- From the Deposit funds into Cash Account drop down menu, select the cash account you would like to use for sourcing the Margin Loan Interest.
- Type in the Interest as a taxable expense.
- All expenses need to be entered as a Negative number.
- Click Save