Hello, good day and welcome to Built Financial Technologies. Thank you for joining me for today's video. For today's exercise, I'm going to take you through how to set up your investment account in Built, as well as how to record transactions on the investment account.

To set up your investment account, click on accounting, which is located on the Built menu. Proceed by clicking on chart of accounts. Also, you must know the maturity date of the investment account.

If the investment will mature within a year, you set it up under other current assets and if the investment will mature after a year, you set it up under other fixed assets. We will begin with a setup on other fixed assets. To do so, you click on +accounts, indicate the name of the investment account, you click on save.

Likewise, you can set up under other current assets. You click on +accounts and indicate the name of the investment accounts. Now that your investment accounts been set up, you can record transactions on the investment account. To record transactions, we use journals.

Therefore, click on accounting located on the Built menu and go ahead to click on journals.

For the investment account, there is the initial amount that is deposited into the account and at the end of the maturity period, there are either losses or gains on the investment account.

First of all, record the initial investment and to do so, you click on +new. In this example, we will assume we invested an amount of 30,000 into the particular investment account. To record this, you indicate the date, give a brief description and edit the investment amount. Then you debit the investment account, which is the receiving account and you also indicate the amount to be credited by crediting the payment account, which is the bank account.

When you're done, you click on save. After the initial investment, we will now record the losses or gains on the investment accounts. To do so, you click on +new. You indicate the dates, which will be the maturity dates. For gains, you are going to credit the realized gains account and then debit the investment account. For losses, you are going to debit realized losses and credit the investment accounts. When you're done, you click on save.

That's how you set up an investment account and record losses on.

Thank you for joining for this video.