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Status Answered
Created by AgExpert Support
Created on Mar 6, 2018

Disqus Agexpert Accounting Questions Archive

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?

  • ADMIN RESPONSE
    Feb 10, 2025

    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.

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