Support Query

A fund's investment e.g. Stapled Security has received both dividend and trust distribution payment. How can I record this?

Solution

Investment accounts can have multiple linked income accounts including a distribution income account (23800/INVESTCODE) and a dividend income account (23900/INVESTCODE). 

Investment Linked Accounts can be managed through the chart of accounts. By default, Managed Investments (78200) and Shares in Listed Companies - Australian (77600) will already have these two linked accounts created by default. Units in Listed Unit Trusts - Australian (74700) will need to have the dividend linked account 23900 added manually.

1. On the Chart of Accounts screen edit Investment
2. Click More Details >>
3. Click Add Link Account then Income
   
4. Select the required account e.g. 23900 Dividends received 
   
5. Click Save

See Linked Accounts for instructions. 

Using the two linked income accounts, you can record a split transaction through the Transaction Matching screen or Transaction List. Record any dividend amounts to account 23900, and any tax deferred/free/exempt distribution amounts to account 23800 (through the More Details Panel).