Adding Shares

[progers1947]

One of my tracker unit trusts has recently changed how Management Charges are made. A number of units are sold to raise the funds for the charges but then there is a credit of units.

Am I doing this correctly - I use the transfer in transaction adding date, number of units transferred in, Market Value, Date acquired I am setting the same as the date. I'm not sure what to put in OOP Cost Value and the value under date acquired - I have left both of these at zero?

[Mark]

Hi progers1947,

Could you explain a bit more what is happening, and maybe give an example? Are you getting credited the same number of units being sold to pay a fee?

For the fee portion, you would record a reinvested account fee, where the value/shares are negative.