Transactions
Transaction Status
Transaction Status is delineated for each transaction, including those that are incoming (e.g. share sales, income) and those that are outgoing (e.g. share purchases, expenses). The following describes each transactional status:
| Transactional Status | Description |
|---|---|
| Needs Review | Requiring investor action |
| Booked | Occurred |
| Pending | Not yet occurred but are committed to by the investor or by the party with which the investor is transacting |
| Planned | Not yet occurred but represent the intentions or expectations of the investor |
| Disregarded | Intentionally omitted |
Pending and Planned transactions are collectively referred to as Projected transactions.
Transaction Types
Below please find a list of AssetView transaction types with the affects described for each:
| Transaction Type | Affects Cash | Affects Capital | Affects Shares |
|---|---|---|---|
| Buy | Yes | Yes | Yes |
| Sell | Yes | Yes | Yes |
| Expense | Yes | No | No |
| Income | Yes | No | No |
| Capital Investment | Yes | Yes | No |
| Capital Return | Yes | Yes | No |
| Receive | No | Yes | Yes |
| Send | No | Yes | Yes |
| Trade | No | Yes | Yes |
Cost Basis
For an asset, your cost basis increases when you do one of the following.
- Buy shares
- Receive shares (e.g. as a gift)
- Record an increase through a capital adjustment
For an asset, your cost basis decreases when you do one of the following.
- Sell shares
- Send shares (e.g. as a gift)
- Record an decrease through a capital adjustment
In Settings>General, you can set the default method for calculating your cost basis election on capital gains. You may also set an automatic cost basis election override for each asset class. When entering a closing transaction on a position, you may override either of these default settings.
Capital Transactions
Capital transactions allow you to change your cost basis in an investment and affect cash without affect the number of shares of the asset you own (e.g. in an LLC or private fund where capital is returned to you without reducing your ownership of shares).
Send and Receive Transactions
Send and Receive transactions allow you to make changes to the shares you own of an asset without recording a cash offset (e.g. in the case of gifting shares or inheriting shares).
Trade Transactions
AssetView supports a transaction type called Trade in which the base currency (i.e. $US) does not participate in the buy or sell side of the transaction. This is in contrast to other transaction types such as a Buy transaction where the base currency is exchanged for an asset. In a Trade transaction, you buy an asset in exchange for another asset. Trade transactions are often used with cryptocurrency assets, such as when you buy Bitcoin with Ethereum.
Still, regarding trade transactions, AssetView establishes a value for the transaction delineated in the base currency for the purpose of making a cost basis entry. Note that performance indicators in AssetView use calculations where cryptocurrency balances are valued in the base currency (i.e. $US).
Allocating Transactions
- Buy and sell transactions are allocated by Lot.
- Fees that are embedded into a specific Buy or Sell transaction are allocated wholly to that Buy or Sell transaction.
- Transactions other than Buys and Sells (e.g. Income and Expenses) are allocated to lots that are open at the time the Income or Expense transactions occurs. The allocation is proportionate to the shares within each lot.
- If Income and Expenses arise when there are no open lots, the Income and Expenses are assigned to a placeholder lot such that those Income and Expenses are included in asset and account performance calculations.
Perspective for Portfolio Cashflows
AssetView views cashflows in and out of a portfolio (i.e. external transactions) from the perspective of you, the investor.
Example:
If you add $100 to an AssetView portfolio from an account not represented in the portfolio, then the portfolio cashflow from this transaction would be -$100.
If later you withdrew $112 from an AssetView portfolio to an account not represented in the portfolio, then the portfolio cashflow from this transaction would be $112.
The cumulative AssetView portfolio cashflow from these transactions would be $12.
Duplicating
You may duplicate an existing transaction.
Control of a Transaction
Transactions are either controlled by you manually or controlled by an App that you are running. Transactions controlled by you manually are denoted by the icon:
You may delete a transaction that is controlled by you. You may not delete a transaction that is controlled by an App. You may disregard a transaction regardless of whether it is controlled by you or an App.
Updating
To optimize performance, AssetView bundles transaction updates. Once you add or edit a transaction(s), AssetView will prompt you to, when you wish, “Calculate”. Please see Computations for more information on calculation processes in AssetView.
Manual Data
The Manual Source is the default source for all transactions that you enter manually. For more information, please visit our Manual Source page.