What is the GL Distribution for the giving and sale of stock?

When receiving Stock certificates, the receipt of stock, the sale and the associated fees can be independently tracked in General Ledger.  This solution describes what the typical General Ledger account types that are associated with these types of transactions.
 
GL Distribution of Stock payments
Application typeDebitCredit
PledgeSecurities (Asset)Pledge receivables (Asset) 
All other applicationsSecurities (Asset)(Revenue) 

Location of mapping configuration:
Administration > General ledger setup > Define transaction mappings > Development > Payments

GL Distribution of Stock sale
Payment methodDebitCredit
Sold StockCash (Asset)Securities (Asset)
Stock GainCash (Asset)Gain/Loss on sale (Revenue)
Stock LossGain/Loss on sale (Revenue)Securities (Asset)
Fee(Expense)Cash (Asset)

Location of mapping configuration:
Administration > General ledger setup > Define transaction mappings > Fixed Assets



Environment

 3.1

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