An accounting cost remains in the Investment Summary with Market Movement Report even though the investment has been fully disposed of.
Scenario 1: If the accounting cost appears as a negative amount in the Investment Summary Report for a fully disposed investment
- From the Main Toolbar, select Accounting and select the Transaction List.
- From the Transaction List, select New Transaction and from the drop down list below, select Journal.
- Input a Date (for example, the date of the last disposal) and a Reference (SF360 will automatically produce a reference number, but it is editable). Input a Description (such as Accounting Cost Adjustment).
- Under the Account heading, select the 77600/INVESTCODE account from the Input Account box. Next, select the 77600/INVESTCODE account from the Input Account Box below.
- In the Units column, input 0.00001 units and the difference in cost as a debit. In example below the difference $10 DR.
- To the other side of entry enter a credit for the same amount (leave the units field blank).
- Select Post to add the journal. Review the Investment Summary to note the accounting cost will now appear as $0.00.
Below: Select the image to expand it.
In this example the BHP shares had a negative accounting cost of ($10) appearing.
Please note that implementing this fix will result in the investment appearing on the Investment Total Return Report and in the Workpapers screen. This however does not change the totals shown or the Report or the balance in the investment account.
If you have further concerns about how this investment was appearing in the fund, please Log a Support Call and we will assist with reconciling this negative accounting cost.
Scenario 2: If the accounting cost appears as a positive amount in the Investment Summary for a fully disposed investment
If a positive cost base exists for a parcel, please Log a Support Call as a back-end change will need to be made to resolve the cost base issue.