Transaction Input

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 Transactions Screen

Transaction Input in Simple Fund 360 

The Transaction List in Simple Fund 360 allows for single screen data input.

When entering or matching bank statement entries you will notice that specific accounts will flag a More Details Panel.  

The More Details Panel is characterised by the account selected. The panel is responsive to the account you select, allowing you to input additional transaction information when required.

For example, when entering a dividend account and selecting the More Details Panel, Simple Fund 360 will display a Dividend Details panel where you can now enter the tax data that relates to that specific dividend.

This feature eliminates the need for you to access different screens for different transactions, greatly improving the efficiency of transaction input. 

Post and Copy 

When adding a transaction, select Post and Copy to save a transaction and create a new transaction with the following same details:

• Date
• Reference
• Description
• Accounts used

Amounts (DR, CR and amounts in More Details Panel) will not be copied across.

Use this feature only for current year transactions, do not use this option when adjusting or changing prior year transactions.

If the user selects the Post & Copy button, it automatically highlights the date field when loading the next transaction.

Arithmetic Calculations

Simple Fund 360 now supports the ability to enter arithmetic calculations in all Debit and Credit fields.

See, Arithmetic Calculations 

Transaction Types

The following transaction types can be input in Simple Fund 360:

• Bank Statement
• Journal
• Depreciation
• Corporate Action

How to record a Bank Statement

Transactions recorded as a bank statement will post a double sided entry to the Transaction List, with one side of the transaction recorded to the fund's bank account.

Single sided bank statements cannot be added to the Transaction List in Simple Fund 360.

1. From the Transaction List screen, select New Transaction. From the drop down list, select Bank Statement.
2. Input the date of the transaction and a reference number (Simple Fund 360 will automatically produce a reference number, but it is editable). You can include a description of the transaction in the Description box.
3. Select Expand to Upload Documents to present the Document drop box.
   
   

4. Under the Account heading, select the bank account from the Select an account box. For Simple Fund 360 to automatically select this bank account by default when entering bank statement transactions, tick the Default Bank check box.

    

5. Click on the next Select an account box. Begin typing and select the other account (for quick reference you can type the account name). If you are recording a split transaction (one or more sides of the transaction involves two or more accounts) select Add Line and select the additional account.

6. Input the amount of the transaction to the other account as either a Debit or Credit. The bank account fields will automatically post a corresponding entry (if you post a Debit amount to the other account, Simple Fund 360 will post a Credit to the bank for the same amount, and vice versa).
7. After you have entered all information for the transaction, select Post to add the transaction and return to the Transaction List, or select Post & Add Another to add the transaction to the Transaction List, but remain on the Bank Statement screen.

How to record a Journal

A Journal transaction will post a double sided entry to the Transaction List. The main difference between Bank Statement and Journal transactions is that a Bank Statement transaction requires one side of the transaction to involve a fund's bank account.

Single sided journal transactions cannot be added to the Transaction List in Simple Fund 360.

1. From the Transaction List screen, select New Transaction. From the drop down list, select Journal.
   
   
2. Input the date of the transaction and a reference number (Simple Fund 360 will automatically produce a reference number, but it is editable). You can include a description of the transaction in the Description box.
3. Select Expand to Upload Documents to present the Document drop box.
   
   
4. Under the Account heading, click on the Select an account check box and begin typing or select the accounts (for quick reference you can type the account name) to the transaction for each side.  If you are recording a split transaction (one or more sides of the transaction involves two or more accounts) select Add Line and select the additional account.
5. Input the amounts of the transaction in the fields below the Debit and Credit columns.
6. After you have entered all information for the transaction, select Post to add the transaction and to return to the Transaction List, or select Post & Add Another to add the transaction to the Transaction List, but remain on the Journal screen.

Transaction Input Keyboard Shortcuts

Simple Fund 360 has its own shortcut keys should you prefer to use the keyboard rather than the mouse. Some common shortcut keys are as follows:

Actions

Quick access to certain functions are available under the Actions column.

Icon	Description
	Select to match the transaction.
	Select to unmatch the transaction.
	Select to create a new rule for this transaction.
	Select to delete the transaction.
	Select to copy the transaction