Query
"I have an investment that did not have a unit when I purchased it years ago. How can I edit the units?"
BGL recommends reopening prior years, as this will ensure that all previous transactions related to the investment will be accounted for and any changes.
Solution
1. Reverse create entries period by period back to the financial year the investment was purchased
By reversing create entries, previous transactions can be updated without further effects on tax calculation and profit/loss allocation for future periods.
2. Reopen the prior period by period back to the financial year in which the investment was purchased and repeat steps 1 & 2 above correspondingly.
3. Search for the transaction and update Investment units.
Also, check transaction input for further details.
4. Review all cost base adjusting transactions after the initial purchase; this includes depreciation journals, which will need to be reprocessed.
To reprocess a depreciation journal or CGT cost base adjustment, select the journal and then click Save.
For investment cost base adjustments, ensure that the unit field has a 0 entered and select the new unit as the parcel being adjusted in the more details section.
5. Create entries and close period to rollover to the financial year that was originally being processed.