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Transfer of shares from one portfolio to another portfolio

edited March 2014 in General
How do we account for transactions in which I have transferred shares from one broker to the other broker. The holder of the shares is the same person having account with different brokers. I have maintained seperate account for each broker in mProfit to continuously verify the demat balance on any particular date.

MProfit does not have option for transfer of shares from one portfolio to another. You may need to sell the stocks in one portfolio (one broker) with the same purchase amount (so no capital gains will be calculated) and re-enter the buy transactions in the another portfolio (another broker). This is the only solution which I can think of as of now. Hope this will resolve the issue. This suggestion to provide feature to support this kind of transaction has been forwarded to our product team
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