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How to enter a Margin Loan?

Entering a Margin Loan

You can enter a Margin Loan under the Cash and Term deposits tab as a New Account.

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  • 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

 

 

 

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