I would like to update the balance of my investment accounts. They are set up at asset accounts. When I do the posting to increase the value of each what is the offsetting account to use?
Hi Debbie, That will depend on the itype of investment and you may want to check with your accountant before making any of those entries. Typically you'll offset the increase against an Investment Income account, but in some cases it's just Fair Market Value and there's no real entry to make.