This article will teach you how to process a collectible purchase.

Navigate to Fund Level > Transactions > Investment - Buy > Collectible Item Purchase

1. Select Investment Account (This is the collectible item that is being purchased)
2. Enter Contract Date (The date the agreement to acquire the asset took place)
3. Enter the Settlement Date (The date on which the transfer was completed)
4. Enter Consideration amount (The total acquisition amount for the asset)
5. Enter GST in Consideration, which is the total GST applicable to the purchase price. (Only applicable if Fund is registered for GST).
6. Enter Total Brokerage (If applicable)
7. Enter Brokerage GST, which is the GST applicable to the brokerage. (Only if Fund is registered for GST).
8. Total Cost (Auto-populated based on the amounts entered)
9. Enter Description (Use the default "Collectible Item Purchase")

What's Next

Learn how to process income for your collectible.