|
Author
|
Topic: Bonds as Stock Format Type?
|
FN_User
Member
|
posted 01-02-2008 01:51 PM
 
I have some municipal bonds that were in the wrong category on the Chart of Accounts. I fixed that, but should they be formatted as bonds or common/preferred? They are shares in a municipal bond mutual fund, but are traded like stocks. They do not act like a normal bond which as accrued interest receivable and a maturity date, so I left them formatted as stocks.
IP: Logged |
David
Administrator
|
posted 01-02-2008 01:55 PM
I'd leave them as stocks. The Format Type mostly determines what labels are used on the A&L screen. Note that the "number of shares" for bonds changes to "number of $1,000 bonds" so make sure the quantities are correct. Same for "price per share" vs. "bond price per 100"- David
FNI Technical Support
Case #38-10464 [This message has been edited by David (edited 01-02-2008).]
IP: Logged | |
Navigator User Forums
UBBFriend: Email This Page to Someone! 
