I discovered this marvellous piece of software by accident a few days ago. I have been looking for a decent tracking solution for ages. Mostly things are pretty intuitive but I am stuck on something:
- In the UK, we get a 1/3 tax rebate for investing in start-ups. I can’t work out how to record this. Looking at the forum, there was a suggestion about two entries.
I can assume one entry is against the security / cash combo which recognises the 1/3 as a cash entry but this is not reflected in performance.
In my particular example, I invested 1000 into something that I think is now worth zero (as start-ups somethings go). My performance currently has a loss of a 1000 but in reality, the loss is 666. How do I calculate this correctly without adjusting the purchase price?