Distributions accrued by the fund are entered into the accounts using the Distributions Accrued tab, the fund has to be selected and previously marked as a fund that can pay distributions.
- Select the syndicate/fund.
- If applicable select the fund type, sub type and distribution type. (these are configured within Lookup by your admin manager). How to Create and Edit a Lookup
- Select the date of record for the distribution. Mandatory field.
- Enter the distribution amount per share.
- Click [Calculate] - to process the accrued distribution based on the selected record date and the qualified investors, their holding and total distribution attributed.
- Click [Post Distribution Accrued Journal] to post the results to the accounts of the fund.
- A confirmation window will be presented click [Yes]/[No]
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