Issue
Why are Franking Credits included in the dividend income on the Operating Statement?
Cause
The option to include franking credits has been selected in the Fund Defaults.
Resolution
You can resolve this issue at the Business or Fund Level Fund Defaults > Gross Franking Credits.
Navigate to Fund Level > Settings > Fund Default > Gross Franking Credits
Select 'Yes' to include Franking Credits in Dividend and Distribution Income on Operating Statement.
Select 'No' to exclude Franking Credits in Dividend and Distribution Income on Operating Statement;
This setting is also available at the Business Level.
Navigate to Business Level > Settings > Fund Default > Gross Franking Credits
Currently, Class does not include Foreign Tax Credits in Distribution or Foreign Income on Operating Statement.