Not sure if this is the right forum to ask. I have US shares via a US brokerage, when I am trying to manually add trades, sharesight seems to only allow me to add in AUD with and exchange rate. But the account is in USD, how do I add the trade in it’s native currency?

I find it a little confusing myself it does have an Exchange Rate but I just add in USD and brokerage in USD and it works. I think the AUD is based on it being an Australian Tax domiciled but it still keeps my shares in USD. Does your add screen look like this. [Screen Shot 2021-07-05 at 9.17.11…

Mine looks the same, but my problem still exists. I purchased USD FIRST, then purchased these equities in USD. There should be no FX exposure on these trades.

I have been wondering this myself because it is hard to keep track of US cash when you sell US shares but want to keep the proceeds in USD. Sharesight still wants to exchange it to AUD. Or is it better handled by adding a foreign currency asset rather than a cash asset?

is this the same problem? if so please like and add comment :slight_smile: [image] Cash Accounts - select per trade Feature ideas • What feature do you want to see in Sharesight? Ability to select which cash account to use when adding a trade. I hold both GBP and USD c…

Hi @wobbly_au ! With portfolios, you’ll notice on the set up you are required to set up a tax residency. This basically links to all of your tax and performance reporting for consistency across the portfolio. It sounds like yours is set up in Australia, so any international trades will require a co…

Hi Jack, I think what is trying to be said is that I might send $5,000 AUD to STAKE and say its at 75c. That should go into my cash account at 75c and each share bought from that point until those funds are depleted should be at that rate. It seems Sharesight applies whatever the daily exchange r…

The problem with that is trying to keep track of it from a tax perspective. In theory when I transfer AUD to my Stake (USD) account, I am initiating a position in USD (which I enter into ShareSight as an FX security), then once I use it to buy stocks, I dispose of some/all of that USD position, whi…

I feel like I’m also having this problem for Selfwealth. There’s a sharesight function to manually add USD under forex, and my USD stock purchases will auto upload into sharesight, but there’s not really a way to have sharesight link to my Forex USD funds and debit them when I buy a USD stock (and t…

@mlantry @wobbly_au thanks for confirming that, I must have read incorrectly. Generally speaking, we don’t receive the FX rate that you receive when your converting funds into foreign currency. In short, there’s no way to automate a set currency rate as these fluctuate throughout the day and throug…

USD account

Sharesight features

wobbly_au 8 July 2021 02:37 9

Yup Mlantry gets it.

I want to add trades at a fixed FX rate.

How do I track Selfwealth AUD to USD conversions

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USD account

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