Setting yourself up in Sharesight can be a really simple process, but if you make a mistake early on things can get a little tricky. I thought I’d share a few tips and things to watch out for. Hopefully others will share their thoughts as well to make setting up easier for everyone.
Setting up with the correct portfolio currency
A portfolio in Sharesight represents a single tax entity. The tax residency (country) of this tax entity should reflect the primary country you pay tax in. Before getting too deep into your setup, perhaps click on settings, then basic details to check you have the right tax residency. If not, you can simply delete the portfolio (this will delete all data in that portfolio) and create a new one with the right tax residency.
Importing your historical data
Even if we don’t support your broker, importing your historical data is a simple process if you use our standard csv import template, You can follow our instructions here.
Importing your ongoing trades
You can automate the ongoing import of trades using our trade confirmation feature. The setup is really straight forward, we support a huge number of brokers and are continually adding more.