Distributions payable by the fund are entered into the accounts using the Distributions Payable tab, the fund has to be selected and previously marked as a fund that can pay distributions.
- Select the syndicate/fund.
- Select the date of record for the distribution payment to investors. Mandatory field.
- Select the fund bank account to debit and the transaction method.
- Tick to {Is the distribution fully franked} as necessary.
- Select the investor eligible for the distribution payment by ticking individually or 'All'.
- Click [Save Changes] to post the distribution paid which will open a warning window as this operation is not reversible.
- Select - [Yes]/[No]
- To export the journal entries in Excel click [Export]
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