Accounts & Currencies
Buying and selling instruments
Use Buy and Sell in Wageso to create and update positions for tracking cost, profit, loss, and portfolio performance.
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What Buy and Sell do
Buy and Sell are asset actions. They create or update positions so Wageso can help you track cost, profit, loss, and portfolio performance.
Use Buy when you acquire an instrument. Use Sell when you reduce or close a holding.
What is a position?
A position is a tracked holding created from buy and sell activity. It can help answer questions such as:
- What instrument do I hold?
- How much did it cost?
- What changed after selling part or all of it?
- What profit or loss is Wageso tracking from my entries?
Positions become useful when Buy and Sell entries are accurate and consistent.
Buying an instrument
Use Buy when you want to record an acquisition.
Check these details before saving:
- Instrument.
- Account used for the purchase.
- Quantity or amount.
- Price or cost information.
- Currency.
- Date.
After saving, review Positions to confirm the holding appears as expected.
Selling an instrument
Use Sell when you want to record reducing or closing a holding.
Check the instrument, quantity or amount, account, currency, date, and sale details. Selling affects the related position and can change profit or loss tracking.
Buy or sell workflow
Start from Assets
Open the Assets area and choose the Buy or Sell action.
Enter the real transaction details
Choose the correct instrument, account, amount, quantity, currency, and date.
Review Positions
Open Positions and confirm cost, holding, profit, and loss information looks right.
Common mistakes
The most common issues are choosing the wrong account, using the wrong currency, entering the wrong quantity, or recording a sell before the related buy is clear.
If a position looks wrong, review the Buy and Sell records that created it before changing other settings.