Buying to cover
You can use this investing type to record a buy order made on a security that closes out an existing short position.
- Select the investment account you want to use and click the Transactions tab..
- Click the Transactions tab and then click the New Transaction icon in the register toolbar.
- Select Buy to Cover from the Transaction Types list.
- Add these details:
- Date - Enter the date the buy transaction for the short sale was executed.
- Security - Select the name of the security from the drop-down list.
- Total Sale - Enter the total price paid to buy the cover.
- Number of shares - Enter the number of shares bought.
- Commission - Enter the amount paid towards commission. Based on the amount entered as commission, the price per share is adjusted.
- Memo - Enter the note you want to associate with the transaction.
- Tags - Enter the tags that you want to use when searching for the transaction.
- To add an attachment, go to the Attachments tab, click the Add attachment button, and select the file you want to attach to the transaction.
- Click Save when you are done.