Commodity Future

Created by Elin Stenrud, Modified on Mon, 18 Mar 2024 at 04:24 PM by Dag Tyllered

To enter a commodity future, go to New Deal / Commodity Future.

Enter the requested information. 

It is important to enter all Open (buy/sell) deals first and Close deals afterwards. The Close deal will automatically select an Open deal according to First In First Out (FIFO deal date and deal ID) and the Open and Close deal are netted.

Enter the close deal/deals. 

Commodity futures gain loss will be calculated on the close deals price minus open deals average price times quantity. 

Commodity futures will not show up in the Commodity price ledger. 

If the Commodity future should not be closed according to FIFO, it is possible to, on the close deal, 

to go to TAB Related Deals, click on the plus sign and enter the deal ID and the quantity for the Open deal it should close. It will replace the automatically chosen Deal id.


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