Detailed Reporting and Tracking Made Easy
Reporting & Tracking Tracking your TBE account is no different than your bank account.
TBE acts as a third-party record keeper, just like a bank. Each month you receive a statement detailing recent transactions, current balance and any fees due. All transactions are recorded pursuant to trading procedures, policies, rules and regulations of TBE and the CRA.
In accordance with Generally Accepted Accounting Principles (GAAP), you record all transactions at fair market value. You simply create an additional bank account in your General Ledger to record all TBE dollar transactions. Similar to a cash sale, when a sale occurs, the revenue account is credited and the TBE account is debited. When purchases occur, the asset, or expense, account is debited and the TBE account is credited. The TBE ledger will equal the balance of your TBE statement at the end of the month.