Adjustibl organizes your records into portfolios and accounts.
A portfolio is the main place where you keep investments that belong together. An account tells Adjustibl where a transaction happened, such as Questrade, Wealthsimple, or IBKR.
For example, you might have one portfolio containing:
- Questrade margin account
- IBKR cash account
- Wealthsimple TFSA
This lets you see your investments together without losing track of which brokerage account each transaction came from.
What is a portfolio?
For most people, a portfolio represents one person's investment history.
If you have taxable accounts at Questrade and IBKR, you can keep both inside the same portfolio. Adjustibl can combine information when needed while still showing the account connected to every transaction.
You should normally use separate portfolios when the investments belong to different people or entities. For example, your personal investments and a corporation's investments should not be kept in the same portfolio.
What is an account?
An account represents a source of transactions inside your portfolio. It will usually correspond to a brokerage account, but you do not need to give Adjustibl your brokerage account number.
You can use a clear name such as:
- Questrade Margin
- IBKR Cash
- Wealthsimple TFSA
Keeping accounts separate makes it easier to import statements, review transactions, and understand where each number came from.
One tax treatment per account
Each account in Adjustibl can have only one tax treatment.
For example, an account can use capital gains treatment, business income treatment, or registered-account tracking. All transactions inside that account will follow the selected treatment.
If you have both capital and business activity inside the same brokerage account, create two accounts in Adjustibl and place the appropriate transactions in each one.
For example:
- Questrade Capital
- Questrade Business
These can both represent activity from the same brokerage account, but keeping them separate allows Adjustibl to apply the correct treatment to each group of transactions.
What belongs together?
Keep accounts in the same portfolio when they belong to the same owner and are part of the same investment history. The accounts do not need to be with the same brokerage.
Use separate portfolios when the investments belong to different people, corporations, trusts, or other owners.
The important thing is consistency. A portfolio tells Adjustibl which investment records belong together, while accounts preserve where the transactions came from and how they should be treated.