Adding regular Transactions

Adding transactions to an account in your inventory is a simple process that can be done in just a few steps. This article will guide you through the process of adding transactions to your accounts in your inventory.

Step 1: Access the Add Transaction Feature

To begin, navigate to your accounting screen and click on the "Add Transaction" button located in the top right-hand corner of the screen.

Step 2: Select the Account

Once you have accessed the Add Transaction feature, you will be prompted to select the account that you want to add the transaction to. Please note that the accounts must be managed in order to add transactions to them.

Step 3: Enter Transaction Details

Next, you will need to enter the details of the transaction. This includes the date the transaction took place, whether it is a deposit or withdrawal, the category that best fits the transaction, the value of the transaction, and the name of the transaction. You will also need to specify whether the transaction is for capital or revenue, and if it is for the U.S., whether it is for principal or income. Once you have entered all of the necessary information, click on the "Save" button.

Step 4: View the Transaction in Your Accounting Screen

After clicking on the "Save" button, the transaction will appear in your accounting screen. You can now view and manage the transaction as needed.

Adding Transactions Linked to Inventory

If you need to add a transaction that is linked to your inventory, follow these additional steps:

Step 1: Access the Add Transaction Feature

Navigate to your accounting screen and click on the "Add Transaction" button located in the top right-hand corner of the screen.

Step 2: Select the Account

Next, select the account that the transaction will be transacted from.

Step 3: Enter Transaction Details

Enter the details of the transaction, including the date, deposit amount, and category. For this type of transaction, the category will be "Asset Sale/ Bank Transfer/ Deposit".

Step 4: Select the Asset to Liquidate

After entering the transaction details, you will be prompted to select an asset from your inventory that you would like to liquidate. This could be a property or a holding, for example.

Step 5: Enter Asset Details

Once you have selected the asset, you will need to specify the holding (if applicable), the value you would like to liquidate, and the quantity. After entering this information, click on the "Save" button.