How to record Dividend Reinvestment Plan Residual Balance post fund migration?

Query

How to record Dividend Reinvestment Plan (DRP) Residual Balance when a fund is migrated from Desktop to Simple Fund 360?

Solution

In Simple Fund Desktop, residual balance is recorded in a Normal Account 625, whereas in Simple Fund 360, residual balance is recorded in a Sub-account (62550/Sub-account) for each individual investment. 

Please also check the article Chart of Accounts

Scenario 1

An SMSF holds BHP Shares with a residual balance of $20 recorded under 625 account in Simple Fund Desktop. After migration to Simple Fund 360, users can allocate the balance to the residual account under BHP Shares, by posting the following journals.            

Scenario 2

An SMSF holds BHP Shares with a residual balance of $20 recorded under the BHP Investment account (not separately recorded in 625 account) in Simple Fund Desktop. After migration to Simple Fund 360, users can allocate the balance to the residual account under BHP Shares to adjust the cost base, by posting the following journals. 

Note: input "0" for units to trigger a cost base adjustment.