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Author
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Topic: Adjust the cost basis on bonds in journal?
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FN_User
Member
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posted 10-06-2008 11:40 AM
 
Is there a way to adjust the cost basis on bonds? The way that I do it is in this manner do a deposit for the amortized amount meaning a debit. to cash and then I credit Bond Amortization Expense, and credit cash. The effect in the cash account is $0.00 and this adjusts the cost basis of the bond. Is there a way I could do it but not in a cash account, like a journal entry?[This message has been edited by FN_User (edited 10-06-2008).]
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David
Administrator
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posted 10-06-2008 11:43 AM
Short answer is that you have to do it in a cash account like you are doing. See the Navigator User Forum post Post Bond Amortization. Perhaps someday Navigator will have a way to directly adjust cost or tax basis but currently it does not.Another way to do it, if you just want to change the cost/tax basis and it is not amortized (still in a cash account): - Enter a transaction as if you are buying (or selling) the amount of the bond that you want to adjust.
- Select No at the Buy/Sell Security prompt. This will bypass the usual Multiple Distribution screen and adjust the cost basis, tax basis, and balance in the bond account.
- Revalue the bond. This will reset the balance to the correct amount. It will also correct the Unrealized Capital Gain.
- David
FNI Technical Support
Case #38-10818
[This message has been edited by David (edited 10-06-2008).]
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