A fund's investment e.g. Stapled Security has received both dividend and trust distribution payment. How can I record this?
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.
- On the Chart of Accounts screen edit Investment
- Click More Details >>
- Click Add Link Account then Income
Select the required account e.g. 23900 Dividends received
- 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).