How to record a Transfer Balance Adjustment

Overview 

This article will cover how to record a Transfer Balance Adjustment in Simple Fund 360. 

For information on entering Opening Balances TBAR adjustments, see: 

Opening balances for TBAR

Instructions 

To record a manual Transfer Balance Adjustment: 

1. Navigate to the Transfer Balance Dashboard screen.  
    
2. Select the relevant member whose Transfer Balance Cap you want to adjust.  
   
    
3. Next to the member, click + Add Adjustment 
   
    
4. Enter the required details. Under Event Type, you can select Non-Reportable Event if applicable. 
   
    
5. Enter the appropriate Debit or Credit amounts. 
   
    
6. Once all fields are complete, select the green arrow to save. 

Once saved, the member’s Transfer Balance Cap will be updated accordingly. 

Additionally, you may delete or edit the adjustment event if required. 

Non-Reportable Events  

Non-reportable events are adjustments that do not need to be reported to the ATO but still affect the member’s Transfer Balance Cap within Simple Fund 360. Please note that these events, listed as Non- Reportable Events, will not populate in the TBAR Management screen.