• What feature do you want to see in Sharesight? Allow negative values to be applied to interest transactions
• Why do you want it? UK gilts that are purchased in the market include a value for accrued interest, which can/should be deducted from future coupon receipts when it comes to tax reporting.
• How is this affecting you? Currently, I can’t properly use the tax reporting from Sharesight for my annual self assessment.
• Do you currently have a workaround solution? If yes, what is it? Yes, provided by Anthony in customer support. Either include a notional cash withdrawal on purchase, which is reversed when the coupon is paid, recorded net of the accrued income (up to 6 months later). The alternative solution is to ignore the value of accrued interest on acquisition, and deduct the accrued interest when the coupon is received. Both of these are clunky, require manual intervention, manual tracking of potentially multiple historic transactions, and don’t accurately reflect the underlying transactions.
• Can we reach out in future to ask follow up questions about this idea? Yes