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To set up a hedging account:
1. Set the account up as an Other Asset with None for the offsetting account. In Initial setup enter the balance from your year-end statement (from last year). The balance that you use depends on how you treat the account for tax purposes. If you recognize the gains on your open hedges at the end of the year then enter the combined balance (open & closed) in initial setup. If you don't show the gains at the end of the year then only use the closed balance (from the top half of the statement).

2. When you write a check for a margin call go into payments & purchases and use the purchase option for Other Assets and apply the check to the Hedge Account.

3. When you get money back from the account use the Sales Option for Other Sales and choose the category for Other Accounts and select the Hedge Account.

4. To record the gains/losses, go to Payments & Purchases and do the following:



Jim Smithheisler January 22, 1997 12:00AM

Re: Hedging

R. Scott Nusbaum - Farm Works Software January 22, 1997 12:00AM

Gains & Losses on hedging accounts

Scott Nusbaum January 22, 1997 12:00AM

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