Investment accounts fall under the 70000 account code range in Simple Fund 360. An INVESTCODE is used to represent each investment account in the chart of accounts. This is in contrast to Simple Fund Desktop which used a numerical indicator (001, 002) for sub accounts.
For example, account 77600, Shares in Listed Companies will have multiple sub accounts for each fund. The chart of accounts will distinguish between the different share accounts by using a unique INVESTCODE (for example, 77600/INVESTCODE) for each account falling under 77600.
Which accounts will appear with .AX at the end of the mapped INVESTCODE post migration?
An INVESTCODE will end in ".AX" if it meets the following conditions:
- It has a security code for an investment attached from the Desktop chart of accounts which is less than 7 characters in length;
AND has any of the following Regulatory Return labels in the chart of accounts of Simple Fund Desktop:
- Assets - Listed Shares
- Assets - Public Trusts
- Assets - Other Trusts
- SMSF Assets - LRBA Australian Shares
What is the significance of the .AX?
.AX indicates the security is part of an automated data feed such as the ASX and UUT data feed which imports listed security prices on a daily basis. This .AX is required to establish the import of external data into Simple Fund 360.