Purchase Ledger Entries

The following table describes the ledger entries for purchased portfolios.

Ledger Type

Description

Credit

Debit

Initial Purchase

Created and updated when you add accounts to a purchased portfolio.

Calculation is the purchase rate times the total dollar amount (balance) of the accounts included in the purchased portfolio.

Seller

Investor

Purchase Commission

Created when you specify a purchase commission in the contract terms. Calculation is the purchase commission times the purchase amount.

Management

Investor