January 22, 1997 12:00AM
To record a gain:
1. Use the Purchase Option for Other Assets and select your hedging account and enter the amount of the gain as a positive number.

2. Use the Purchase Option for Other Expenses, use the category for Revenue and choose your Heding Gain & Loss account and enter the amount of the gain as a negative number. You can apply this to your overhead icon or apply it directly to the fields.

3. Record the transaction.

To record a Loss:
1. Use the Purchase Option for Other Assets and select your hedging account and enter the amount of the loss as a negative number.

2. Use the Purchase Option for Other Expenses, use the category for Revenue and choose your Heding Gain & Loss account and enter the amount of the loss as a positive number. You can apply this to your overhead icon or apply it directly to the fields.

3. Record the transaction.

Note that you can use a single revenue account for all Hedging Gains & Losses or you can set up a separate account for each commodity.

I hope this helps.

R. Scott Nusbaum
Farm Works Software
SubjectAuthorPosted

Hedging

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



Sorry, only registered users may post in this forum.

Click here to login