Why do we withdraw from account?
There are times when you want to withdraw a sum of money from an account to conduct other transactions. TradeMax provides you with such a function to better manage your portfolio.
Follow the step-by-step wizard to withdraw from account.
- Select the record from which you want to withdraw.
- Right-click the selected record and select the Event Append in the context menu, then choose Withdraw from Account in the dropdown list
- A dialog box will pop up:
- Type the information into the box:
- There are two kinds of transaction in the dropdown list: Deposit to Account and Withdraw from Account. The default Transaction depends on your location in previous step.
- Select the Transaction Date with you mouse or enter with you 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.
- Event Include In Year field, you can activate the checkbox and enter the specific tax year that you can view this record in Baseline view of specific finance year.
- After checking the information, press OK to continue the process. You will see the following grid:
- You can cancel this action with the Undo Button in the trade tab.
As you see from the picture, the new record is generated in CashAdj field(Cash Adjustment) automatically.