Why do we deposit the money into an account?

Deposit is an umbrella term for any money you receive into any account you track in TradeMax. There are times when you want to deposit a sum of money to an account to better manage your transactions . Follow the step-by-step wizard to deposit money into account.

  1. Select the record to which you want to deposit .

    Learn more about: How to select trade records.

  2. Right-click on the selected record and select the Event Append in the context menu, then choose Deposit into Account in the dropdown list

  3. A dialog box will pop up:

  4. Type the information into the box:
    • There are two kinds of transactions in the dropdown list:  Deposit to Account and Withdraw from Account. The default Transaction depends on your location in the previous step.
    • Select the Transaction Date with your mouse or enter using your keyboard
    • Account is the account to which the selected record belongs .
    • Manually enter the amount you want to deposit. The Amount is equal to Base Amount.
    • The description of the security displays in Notes field automatically.
    • In Event Included In Year field, you can activate the checkbox and enter the specific tax year , so that you can view this record in the Baseline view of the specific financial year.
  5. After checking the information, click the OK button to continue the process. You will see the following grid:As you can see from the above picture, the new  Deposit record is generated.
  6. You can cancel this action with the Undo Button in the trade tab..