Receivables

It may be necessary to enter receivables as at time of migration.

If so, choose Review & Edit Revaluation at Migration from the drop-down list and choose EDIT.

When you select to enter a receivable existing as at migration date, the following will be displayed:

The most likely receivables, you are likely to add are:

• Tax Refund due
• Dividend reinvestment plan balance (share reinvestment scheme balance)
• Distribution reinvestment plan balance (managed funds, ETFs, and unit trust)
• Distribution receivable (distribution from a managed fund, stapled security, ETFs, etc which is dated 30 June but not paid until the next financial year)

All receivables are attributed to the Fund, so there is no facility to select a different Account here.

When entering a description, take care to include enough detail to enable you (and potentially your accountant or auditor) to identify the receivables correctly when it appears in reports, and to ensure you can identify it when you wish to enter receipt of the payment that clears this receivable.

You can also enter other miscellaneous assets not entered elsewhere in this section.

When you finish adding in a Receivable, choose SAVE or SAVE AND ADD ANOTHER.

REPEAT until all receivables and other miscellaneous assets as at migration date are entered.

Once you SAVE the final receivable, you will see a screen where all your receivables are displayed. If you agree with this list, then choose BACK TO FUND SETUP.

Next, enter Liabilities as at the start date.