Generally, it's a good idea to use a separate account (i.e., a new line item in the chart of accounts) for each purchase. This technique enables the system to keep track of each purchase separately for capital gain/loss reporting purposes.However, when there are two or more purchases of the same stock in a very short period of time, it may be useful to combine these purchases into one account.
Rather than naming the stock IBM1, IBM2 etc. it may be more useful to incorporate the purchase date into the name. For example, stocks purchased on June 3, 2002 might be named IBM 060302. This is useful when stocks are sold and there are several lots of the same stock.
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Renée Trudeau
Financial Navigator Int'l
Manager, Technical Services
Navigator User Forums
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posted 05-30-2002 03:37 PM
