How do I record the investments I’ve made in mutual funds?

To record the investments you’ve made in mutual funds, you need to create an account to track the investments. Here’s how:

• Go to Accountant on the left sidebar and select Chart of Accounts.
• Click + New Account in the top right corner of the page.
• Enter a suitable Account Name.For example, Mutual Funds.
• Select Other Current Asset as the Account Type.
• Enter the Account Code and provide a short Description for the account if required.
• Click Save.

Now, to record the amount you’ve invested in mutual funds, you need to create an expense. Here’s how:

• Go to Purchases on the left sidebar and select Expenses.
• Click + New in the top right corner of the page.
• Select the Expense Account (Mutual Funds in this case).
• Enter the other necessary details.
• Click Save.