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Allocating dividends from suspense (Pro version)

Users on the Pro version and above are able to allocate suspense entries through a more contemporary, tabulated interface designed to improve workflow.

Once you have imported your bank data:

  • Choose Suspense Allocation from the Transactions menu
  • You will then see the Allocate Suspense Entries screen

  • On the above Edit Record we have left the Member Account as Fund as the ANZ share is a fund asset.
  • When the screen first appears, the Account will be pre-selected as 2-9999 – Bank Clearing Suspense Unallocated
  • To change the Account, choose the Right down arrow and a list of alternative options will display.  You then choose the most appropriate option.  In our example, we have selected the 4-1010 – Income – Equities.
  • Choose In – Dividend as the Transaction Type
  • Choose the correct Direct Equity, which in this case is ANZ
  • Using the dividend statement enter the Unfranked and franked dividend amounts making sure it equal the amount specified above at Amount ($500 in this case).  The franking credit is automatically calculated
  • If required, you can change the Description to something more meaningful.
  • Once you have chosen the Account, you then choose UPDATE
  • You will now see the Allocate Suspense Entries screen again.  You can then choose the next transaction to allocate

Note:

  • It is important that you always select the correct Direct Equity and enter the correct amounts for unfranked and franked dividends.