Historical Cost Report

The Historical Cost report in Sharesight shows opening and closing balances at cost price. This report is designed for people holding shares under a company or family trust that are required to prepare annual accounts each year. The report also includes a ‘market value’ column to allow a quick comparison between cost price and market value at the end of the chosen period.

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Date Range Selector

The Date Range Selector allows you to choose the period in which you would like to run the taxable income report. By default the current tax year is displayed.

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Opening Balance

This is the value of the shares at the beginning of the period valued at their cost price.

Purchases

This is the value of any purchases during the period valued at their cost price.

Sales

This is the value of any sales during the period valued at the cost price of the shares sold. Sold shares are valued on a pro-rata basis of all previous share purchases.

Closing Balance

This is the value of the shares at the end of the period valued at their cost price.

Closing Market Value

This is the market value of the shares at the end of the period. This figure is provided as a comparison against the closing balance figure. The accounting principle of prudence dictates that shares should be valued at the lower of cost or market value.

Last modified on February 1, 2017 UTC