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Robert M.
Robert M., Consultant
Category: Financial Software
Satisfied Customers: 9028
Experience:  30 yrs. of computer experience in financial and marketing departments.
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I run Quicken Personal Plus 2012 Australian edition What is

Customer Question

I run Quicken Personal Plus 2012 Australian edition
What is the correct method to record a bond purchase with accrued interest?
Submitted: 3 years ago.
Category: Financial Software
Expert:  Robert M. replied 3 years ago.

Hi, I'm Robert and I'll be helping you with your financial software question.


Do you mean that you had bonds and the interest that they earned was reinvested into another bond ?

Customer: replied 3 years ago.

Hi Robert


Not quite.

I bought a bond and the price was the market value plus the interest accrued to the purchase date. I assume that the accrued interest needs to be recorded separately. It is a purchase expense as is the bond price. How do I record these?

Expert:  Robert M. replied 3 years ago.
No I don't think you do. I believe you can just record the full purchase price and start accruing the interest from the date you bought it. That more accurately reflects what you actually did and bonds are traded at different prices just as stocks are and you can record the actual price that you paid so that you can tell what profit or loss you have when the bond is redeemed or when you sell it in the future.

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