New Foreign Bank Account
- Class has introduced a new foreign bank account type with updated parcel matching, to prevent Period Update errors when the account balance goes negative.
- A new menu item has been added under Investments to create new foreign bank accounts. Note that the foreign bank Tax Treatment no longer defaults to $250,000 Balance Election and one of the three options must now be selected when creating a new account, find more details here.
- The functionality to create transactions for foreign bank accounts will look and feel very similar to before.
- All existing foreign bank accounts and transactions have been migrated to the new foreign bank type. No action is required on your part to start using this new feature.
- The Excel fund loader has been updated to cater for the new foreign bank. The latest version is v2024.06.13 please ensure you are using this latest version
- For more information and FAQs refer to the user guide here