| From the Main Toolbar, go to Accounting. |
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| Select Transaction list |
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From the Transaction List screen, select New Transaction. From the drop-down list, select Bank Statement.
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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.
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Under the Account heading, select the bank account from the Select an account box. Click on the next Select an account box. Begin typing and select
account 23900/INVESTCODE.
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Input the amount of the dividend received. Simple Fund 360 will post a corresponding entry to the bank account fields on the screen (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).
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Review the dividend information in the Dividend Details section (Franked / Unfranked components should be recorded at their grossed-up amounts, and the net payment must equal the Credit amount).
- After you have entered all information for the transaction, select Post to add the transaction and to view the Transaction List screen, or select Post & Add Another to add the transaction to the Transaction List, but remain on the Bank Statement screen.
How to Record New Zealand Dividends Received
For information on entering New Zealand Dividends, click here.
How to automate Dividends
Simple Fund 360 will allocate ASX listed dividends automatically for any imported bank transactions via BGL Bank Data Service or the CSV Importer. It will also populate the Franked and Unfranked amounts. Let Simple Fund 360 do this for you – do not create rules for dividends. Ideally, you should be using Share Data Pack for Zero Touch (hands-off) processing so your Buys and Sells are up-to-date.
If you are unable to automate the trades, you can input a manual Buy/Sell into 360. However, pay attention to input the correct settlement date for the Buys and Sells.
This is because on posting of the Buy/Sell transaction, Simple Fund 360 will go looking through the fund's uncoded bank transactions to find any dividends and automatically code them and input the franked amount for you. We call this process “triggers” and as far as we are aware, no other software can achieve this level of automation.
Which reports are best used to reconcile Dividends
| Report | Description |
|---|---|
| Dividend Reconciliation Report |
The Dividend Reconciliation Report allows you to verify tax components of all dividends received for the financial year and to assist in reconciling the amount of dividends in the operating statement. For each dividend, the report lists:
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| Investment Income Comparison Report | You can compare dividends in your ledger with the dividends expected by the ASX to ensure all dividends have been recorded |