Webinar: Traders Accounting Tax Q&A For your Business

NexusFi · 2013-10-15T21:34:11-04:00

Recently watched this excellent webinar and had a question if this thread is still alive. Topic was not covered but relates to the actual mechanics of accounting/bookkeeping for trading. Q1: What asset, revenue and expense accounts are typically created for a day trading business? Q2: In particular, how are external broker's accounts like IB (where the trading funds sit) represented within the accounts? Or not? Hope this makes sense. My accounting package does not have 'day trading' or anything …

Discussion in Traders Hideout

Updated October 16, 2013

Webinar: Traders Accounting Tax Q&A For your Business

October 15th, 2013, 09:34 PM	#21 (permalink)
jadejaguar Baltimore USA Elite Member Experience: Beginner Platform: NinjaTrader Trading: ES, Stocks Posts: 3 since Jun 2013 Thanks Given: 0 Thanks Received: 0	Hi Forum, I'm not sure if this is the right thread to post this basic question, please correct me if I am wrong. Are all of the following classified as 1256 contracts? ES,FDAX, 6E, CL, YM, NQ, TF,GC Thanks, ~J