Note
BGL do not provide accounting or taxation advice. The following is designed to act as a guide for Simple Fund 360 users. It is not designed to be accounting or tax advice and should not be taken as a strict guideline. Other methods that are more suitable may be used instead of these steps.
Overview
A split/subdivision is where the number of share/units in an investment is increased with no change in the original cost of the shares/units.
Navigation
| From the Main Toolbar, go to Investments. |  |
| Select Corporate actions from the list. |
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Alternatively, you can access the Corporate Actions screen from the Transaction List:
If you access the Corporate Actions screen from the Transaction List, skip step 1 below.
Process a Share Split (Subdivision)
This share split is an example only.
- Select New Corporate Action.
- Select the Security to process.
- Select Share Split as the Corporate Action Type.
- Select the chart account for the corporate action (for example, 77600/BHP.AX).
- Input the Effective Date (Corporate Action Ex Date) and the Corporate Action Date (Transaction Date).
- Input the units on hand after the split (the current units on hand for the investment will appear on the left). The Corporate Action Effect field will display the increase in units after the split.
- The Corporate Action Summary will appear below. Select Process once you have confirmed the share split details are correct.
The share split will display as a Transaction in the Transaction List.
How delete a Share Split
If you are required to change a corporate action, you can delete and re-process the action from the Corporate Action screen.
| From the Main Toolbar, go to Investments. | |
| Select Corporate actions from the list. |
|
Alternatively, you can access the Corporate Actions screen from the Transaction List:
Locate the corporate action to delete. Select the check box located next to the transaction and Delete.
