1. Processing DRP in Class
Navigate to the Match transactions screen
A. Matching off Cash Transactions
You shall need to match these cash transactions off against each other to clear them on the cash side of the Match Transactions screen.
- This step ensures that both sides of the transaction ledger align.
- Check the Match Transactions screen in Class to find and pair relevant entries.
B. Convert Distribution into DRP
Once identified:
- Find the Distribution amount.
- Convert it into a DRP (Dividend Reinvestment Plan) event within Class.
Convert the Distribution into a DRP
2. Processing Cash distributions in Class
In some cases, there may be three transactions on the cash side relating to a distribution:
Match the second and third entries against each other.
These clears duplicate or offsetting entries and simplifies the matching process.
In the below case, match the second and third entries against each other.
3. Setting up Fund Transaction Rules
To automate and streamline processing:
Class recommends creating at least 4 transaction rules.
This helps in:
- Categorizing income
- Processing corporate actions
- Recognizing DRP patterns
Refer to Class's help article for setup guidance:
🔗 Transaction Rules - Class Support
4. Colonial Tye E Managed Funds.
Class has identified that a number of CFS managed accounts were using a range of bespoke Colonial managed funds, referred to as Class E managed funds.
Previously, Colonial did not send data for these Class E managed funds to our managed funds data aggregator, so they were not included in the Community-level list of investments.
As a result, any trades for these Class E managed funds dated prior to 02/09/2025 would not have loaded into Class.
We are now receiving the appropriate data from Colonial, and all future transactions will load as expected.
For any missing trades prior to 02/09/2025, please request the adviser to perform a refresh of the feed account, which should resolve the issue.