Share trading accounting
This query is : Resolved
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DIVYESH JAIN
(Querist)
08 April 2021
Dear Sir,
Some of my clients deal in stock trading in large volume and for that I had purchased a software many years ago and pass each and every bill entry in it for calculating capital gain on shares. After that I match the ledger account of the broker and then dmat statement matching. This process takes very long time for arriving at the capital gain and then pass necessary entries in Tally.
Is there any other way I can do the accounting of shares to complete the work in less time ?
Regards,
Divyesh Jain
Some of my clients deal in stock trading in large volume and for that I had purchased a software many years ago and pass each and every bill entry in it for calculating capital gain on shares. After that I match the ledger account of the broker and then dmat statement matching. This process takes very long time for arriving at the capital gain and then pass necessary entries in Tally.
Is there any other way I can do the accounting of shares to complete the work in less time ?
Regards,
Divyesh Jain
CA R SEETHARAMAN
(Expert)
08 April 2021
Capital gains calculations are available with stock broker ask for it.
Stock broker software calculates capital gains.
Stock broker software calculates capital gains.
DIVYESH JAIN
(Querist)
08 April 2021
Ok, You mean to say the Global Report?
CA R SEETHARAMAN
(Expert)
08 April 2021
Please tell me what is global report.
DIVYESH JAIN
(Querist)
08 April 2021
It reflects the Purchase value, Sale value and Profit or loss on sale
CA R SEETHARAMAN
(Expert)
08 April 2021
Yes, I meant that only.
DIVYESH JAIN
(Querist)
08 April 2021
Okay, Thanks for the reply :)
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