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Data entry, what’s that? Record your share trades automatically!

by Scott Ryburn, CTO, Sharesight

Our aim at Sharesight is to make share market investing as easy as possible for you. With that aim in mind, a little over a year ago we announced our newly developed contract note email import service. This saves you the hassle of having to manually record new trades into your Sharesight portfolio each time you buy and sell. Since then we have gone on to support over 30 different brokers across Australia and NZ!

For those of you who have yet to try it, here’s a quick rundown on how it all works and how to set it up (it’s really easy!).

How it works

Sharesight provides you with a unique email address for your portfolio and you instruct your Broker to send a copy of each of your contract notes to this email address.

Each time we receive an email with a contract note from your broker, Sharesight will automatically scan the attachment and create the trade record in your portfolio. As soon as the trade has been created (typically within 10 minutes) you will receive a confirmation email from Sharesight containing a link to the newly created trade. As an added bonus, a copy of your contract note is attached to the trade record in Sharesight for future reference (trust me, your accountant will love it!).

How to record your share trades automatically

Step 1 – Make a note of the email address for your portfolio. To view the email address for your portfolio, you must enable the broker email import function. To do this, first click the ‘settings’ link and then click the ‘edit settings’ button below the appropriate portfolio. Look for the section titled ‘Broker Email Import’ and click the ‘enable’ button. Once enabled, the email address for your portfolio will be displayed. This is the email address where you will send your PDF contract notes for processing.

Step 2 – Check that we currently support your broker. We maintain an up-to-date list of supported brokers here. If your broker is not on the list, ask us to support your broker by submitting an ‘idea’ to the community forum.

Step 3 – Send through your contract notes (or get your broker to do it) Simply ask your broker to email your contract notes to the email address generated in Step 1. Alternatively you can manually forward your contract note emails or set up a mail forwarding rule - just make sure to include the name of the broker (as per our list of supported brokers) is in the subject line of the email.

That’s it, your portfolio will now be kept up to date automatically each time you trade!

FURTHER INFORMATION

Sharesight Help — Importing contract notes via email