Linking trades with a cash account

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Simple Stocks version 22 and later allows you to automatically or manually link your trades with cash accounts. This feature requires an active subscription to Simple Stocks+.

Manual Linking

1. Select the asset you wish to link transactions from.

You can do this from the 'Investments' tab if this is an asset already in your portfolio,
or by selecting the ' + ' icon in the top right corner > 'Add Investment' > search and select the asset.

2. When on the chosen asset page, select an existing transaction or select the 'Add Transaction' button to create a new transaction. This will open up the transaction sheet.

3. On the transaction sheet, you will see a dropdown field where you can select a cash account. The field will have a slightly different name depending on the transaction type:

Open Transaction: "Deduct from"
Close Transaction: "Add earnings to"
Dividend Transaction: "Add earnings to"

4. Choose the cash account that you wish to use to pay for or receive earnings from this transaction and click save.
Please Note: If you select a cash account that is in a different currency than the asset you are buying/selling, then you will need to provide an exchange rate. Simple Stocks will provide one for you by default, but you can edit it at will.

The account selected in the 'Deduct from' field is a Euro account, but the asset is listed in USD. For this reason, the currency field is automatically set to 'EUR > USD'.

All linked transactions will appear on the account transaction page as well as the asset transaction page.

Automatic Linking

If you wish to automatically link trades to a cash account you can set up default cash accounts. This will apply the cash account to all automatically created dividends, all imported transactions, and will be set as a default whenever a manual transaction is being created.
1. Begin by selecting the cash account you wish to make a default

If it is an existing cash account: Select the 'Cash' tab > select the cash account you want to make a default > select the "Edit Account" button
For new cash accounts, select the ' + ' icon in the top right corner > 'add Cash Account'

2. At the bottom of the Cash Account sheet that appears, you will see a dropdown field with the name 'Default Account for...", and 4 options:

None: The account will not be used for automatic linking
All Transactions: The account will be automatically linked to all new transactions.
This Currency: This account will be automatically linked to any new transaction with the same currency as the account.
This Portfolio: This account will be automatically linked to any new transaction within the same portfolio as the account.

How the rules are applied:1. If any account is set as 'All transactions' then it will take precedence over all other accounts.2. There can only be one account set as 'This Currency' per currency, this rule will take precedence over the 'This Portfolio' rule.3. There can only be one account set as 'This Portfolio' per portfolio.
In case currencies dont match:When a new dividend is automatically added through the automatic dividends feature, if the default account uses a different currency than the dividend, then an appropriate exchange rate will be applied to the new Dividend.

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