Capital gains
The gain or loss when you sell a fixed asset or investment — sorted into short-term and long-term.
Reports → Capital Gains works out what you made — or lost — when you sell a fixed asset or an investment. It compares the sale value against the cost you carried and splits the result into short-term and long-term, the way income tax wants to see it.
When you'll use it
- After selling machinery, a vehicle, property, or an investment held in your books.
- At return time, to hand your accountant the gains already classified.
Built on your fixed-asset accounts
Like depreciation, this report reads the accounts you keep your assets in — so the same tidy asset records serve both reports. See Account groups.
Was this page helpful?