Realised gain on fund

Accounting
1

Hi All
I use Wise and switched from Cash to their Euro fund for almost a year. Now switched back to cash. There is a gain on the fund that I need to allocate of Euro 1700 - what are the entries here.

Obviously add the amount to the GL to to increase the balance on the fund account. Where to tag it to? or do I need to create a GL account for realised gains? If so, where should it sit in the chart of accounts?

2

Hello @justbreve

This is a query you should probably consult you accountant on (for professional tailored advice) as it is not something the support team could help with.

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