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bank register

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shamsu

04 Dec, 2021 05:07 AM

Hi
I have closed my dealing account but the bank register in the investment shows a balance . How do I make the balance zero
Tks'
Shamsu

1. 1 Posted by dwg on 04 Dec, 2021 05:16 AM

   

   I'm a fellow user.

   Well if you want to handle it properly we would need to know what happened to the funds that were there.

   Taken as fees? Transferred to another account? or ...

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2. 2 Posted by Shamsu Hamid on 04 Dec, 2021 01:22 PM

   

   hi
   the balance shown is after the transfer of the balance from the stock
   broker to my bank account. Generally when I transfer funds from my bank to
   the stockbroker the amount is shown in the bank register of the investment
   account. no purchase or sale of stock gets reflected in the bank register.
   pls let me know is u require any further information
   tks
   SHamsu

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3. 3 Posted by dwg on 04 Dec, 2021 07:33 PM

   

   So for some reason after all transactions have been done there is a small balance left.

   Assuming you just want to zero it out and not worry about it anymore i.e. make an adjustment, there are a couple of approaches that I can think of.

   1. Adjust the Initial balance of the account so that you have a zero balance.

   2. Create an adjustment category and transfer the funds to it.

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4. 4 Posted by Shamsu Hamid on 05 Dec, 2021 01:46 AM

   

   HI
   I had carried out the first option suggested by you.
   Tks
   Shamsu

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5. Ethan closed this discussion on 05 Dec, 2021 11:39 PM.