asset values

Accounting For Asset Sales

If I sell stocks for a gain this year I would enter the amount received as a special receipt taxable at capital gains rate if held over 1 year. However, the value of these stocks at the begining of the year is already entered in "Assets & Savings/Regular Assets/Individual Stocks" The Question is how do I offset this doublebooking of assets? Do I just delete the Jan 1 2018 value of the stocks I sold from the Assets & Savings tab?

Calendar Year Entries

When I enter savings account and 401k amounts, I enter the data as of the beginning of the calendar year (for example, January 1, 2017) and then do not change those entries until January of the following year. My thinking is that ESPlanner calculates expected full year contributions and returns and shows asset amounts at the end of the calendar year in the reports. However, it seems like I should update my asset amounts a few times a year and recalculate.

should I enter beginning year values as the asset amount for retirement and regular assets for correct calculations over the course of the year?

If I update asset values midyear does the program consider it a first of year value for further calculations or is it prorated?

We use cookies to deliver the best user experience and improve our site.