Impact of my portfolio on my net worth

[aldoma]

Good afternoon.

I am trying to understand how iCompta works with respect to investment accounts and have created a simple example for this.

In my example there are only two transactions
1. deposit of €1,000.00 into my bank account on 1/31/24
2. Purchase of 4 Apple shares on 2/1/24 at €186.86 each and a commission of €1.00.

As I understand it, my total balance should be €910.28 (current market value of my 4 Apple shares) + €251.56 (current balance in my bank account) = €1161.84.

However, iCompta shows €413.40. In other words, it has deducted the amount of the purchase of the shares from my equity.

What am I doing incorrectly?

Thanks in advance,
Alberto

Captura de pantalla 2024-07-12 a las 21.24.29.png (934.79 KiB) Viewed 11485 times

[Angeman]

You have 2 "Compra acciones" transactions, that's the problem, you should only have one. Also I don't think it should be a transfer whereas the initial deposit should be.

[aldoma]

Good afternoon.

First of all thank you very much for your reply @angeman.

As I have indicated above, I have only created two transactions (which I have marked in the screenshot with "1ª" and "2ª").

The transaction marked as "3ª" has been created automatically by iCompta (I understand that by set the "Bank" account in "Linked account").

Now, if I delete this third transaction (as I understood from your answer) the balance of the "Bank" account is incorrect, since the €748.44 used to buy the shares are not deducted from it. In addition, the final balance shown by iCompta is €1,173.72 which is also incorrect.

Thanks in advance,
Alberto

Captura de pantalla 2024-07-12 a las 21.24.29.png (879.49 KiB) Viewed 11248 times

[Angeman]

What is "transaction 1", isn't it the transfer from your main account to purchase the shares ?

[aldoma]

As I describe in the first post of this thread, "transaction 1" is "1. deposit of €1,000.00 into my bank account on 1/31/24" made on the "Bank" account.

"transaction 2" is "2. Purchase of 4 Apple shares on 2/1/24 at €186.86 each and a commission of €1.00.", performed on the account "Inversiones".

If it is more comfortable for you, I can attach the example document or try to describe step by step actions performed to obtain this example.

[Angeman]

As I understood it seems the funds to pay the shares have been taken directly on your bank account and I think this is what is causing the confusion.

1/ First, you need to make a transfer from your bank account to your "Inversiones" account. The transfer will be -748,44 in the "Bank" account, and +748,44 in the "Inversiones" account.

2/ Then you need a second transaction (not a transfer) that will effectively buy the shares. This transaction will be -748,44 in the "Inversiones" account and it will be the one where you put "Compra 4 Apple acciones".

You will have 4 transactions in total, 2 in "Bank" and 2 in "Inversiones".

[aldoma]

Thank you very much!!!!

Indeed, it works just as I expected.