How do I process Exchange Traded Options (ETO) in Class?
Class does not currently fully support options trading. This article will explain how options can be processed using a Custom Holding Account.
Step 2: Process Buys and Sells
Step 3: Match the transactions
Set up options as Custom Holding Account
Generally, the account will have the following GL, Tax Return, Capital Gain and Market Type classifications:
Processing Buys and Sells
Use Transaction Rules to flush/clear money coming in or out of the cash account to be matched against the Custom Holding Account. The below screenshot displays a Custom Holding account where Transaction Rules have been applied to clear money coming in or out of the cash account.
The following Transaction Rule was created to clear cash transactions from the bank account:
Navigate to Fund Level > Transactions > Match Transactions
The unmatched cash entries and the entries made to the options account will appear on the cash side of the match transactions screen.
Manually match transaction
Process Realised Capital Gain/Loss
Refer to our knowledge article for detailed instruction on How do I record Realised CGT for Exchange Traded Options (ETO)?
Process Unrealised Capital Gains/Loss
Refer to our knowledge article on How do I record Market Value movement for Exchange Traded Options (ETO)?