ANZ Dividend 22/12/2023

Rod Olizon

• 05 October 2024 01:50

After uploading the bank statement, I realized in the smart matching that the dividends for ANZ on 22/12/2023 were treated as fully franked. This is wrong. Unlike the first dividend paid in July, 2023, the dividends paid in December is only 56% franked.

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  Richard Freedman

  • 08 October 2024 07:19
  • Edited

  Never trust smart matched transactions. Many will be correct but there will almost always be incorrect ones.

  SF360's securities data comes from 3rd parties which can also contain errors. I've looked up the current data on ANZ and it does show that is supposed to be 56% franked. This would suggest that at the time the transaction feed came into SF360 the income data had an error that was subsequently corrected but because smart matching had already done its thing it went through with the bad data.

  At the end of the year you should run the 'Investment Income Comparison' report to help identify incorrectly coded income transactions. (Note: there could still be errors as its still relying on the 3rd part data, I always then look at broker reports etc to see if the total franking credits agree)

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