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#53490 - 03/19/18 06:37 PM Accounting for Financial Assets and Liabilities
Benedict Afiemo
Member


Registered: 03/19/18
Posts: 1
Loc: Lagos, Nigeria
Please is there a feature to amortise bonds, or manage financial instruments in general, that will recognise changes in value in Profit or Loss?

We run a small wealth management firm, investing in equity and debt instruments. Currently running Sage 50 and having a difficult time accounting for the financial assets. Use the Inventory Ledger to deal with equity shares, but this cannot handle changes in value.


A friend suggesting upgrading to Sage 300, but I'm unsure about the presence of the features.

Thanks for helping a newbie.

- Ben.

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#53491 - 03/19/18 06:41 PM Re: Accounting for Financial Assets and Liabilities [Re: Benedict Afiemo]
Jay Converse Administrator
Member


Registered: 07/31/00
Posts: 7599
Loc: Location, Location
You got no answers when you asked this on the main Sage site because the answer is no.
_________________________
Jay Converse
Sage 300 Whisperer

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#53492 - 03/20/18 08:28 AM Re: Accounting for Financial Assets and Liabilities [Re: Jay Converse]
Ettienne
Member


Registered: 06/28/02
Posts: 3626
Loc: Orlando, Florida USA
Look at Mark to Market from Tairox, at the bottom of this link:
http://www.tairox.com/customizations-for-sage-300-erp-accpac.html
_________________________
Sage 300 ERP Certified Consultant

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#53493 - 03/20/18 12:44 PM Re: Accounting for Financial Assets and Liabilities [Re: Ettienne]
Ettienne
Member


Registered: 06/28/02
Posts: 3626
Loc: Orlando, Florida USA
Another option is to track it in the GL using a GL account segment for fund (or whatever you want to call it) and quantities. This obviously depends on the volumes you're dealing with, but for smaller operations I've done this.
_________________________
Sage 300 ERP Certified Consultant

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#53499 - 03/24/18 04:00 PM Re: Accounting for Financial Assets and Liabilities [Re: Ettienne]
Jurgtens
Member


Registered: 07/19/07
Posts: 34
Loc: South Africa
Not sure if this will help, but maybe have a look http://www.dingosoft.co/ledger-manager.html
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