Update your opening balances in MProfit

Why import opening balances?

Simply put, updating opening balances in MProfit is essential to capturing all required details for your trades.

Importing opening balances with date of purchase, quantity & price information is essential to computing accurate Capital Gains, Overall Gain and Annualised Return (XIRR).

When you have accurately imported your opening balances to MProfit, you can make sure that the reporting MProfit provides you for returns and capital gains is likewise accurate too.

Mutual Funds

The best, simplest and most accurate way to import opening balances to MProfit for Mutual Funds is to import your Consolidated Account Statement (CAS) from CAMSOnline.

Learn more about requesting & importing your CAS from CAMSOnline

Alternatively, you can also manually enter your Mutual Fund transactions in the MProfit application.

Stocks

For Stocks, MProfit makes it simple for you to import your Opening Balances using our Opening Balances Excel template that contains columns for all relevant trade details.

You can download this template from the link below and begin populating your data:

Download MProfit Stock Transactions template

Once your download is complete, open the file, enter all the required information and save your updates.

Now, navigate to Import in the MProfit application and add the MProfit Stock Transactions template to My Templates.

Once you have added your template to My Templates, import your file in MProfit.

Your opening balances for Stocks will now be up-to-date.

Now going forward, you can start importing digital contract notes and back-office files provided by your broker for all future trades.

Learn more about importing equity transaction files