Any income for an unlisted asset will need to be manually created each time. This article will go through the process of how to take up a manual income event.
You can use Transaction Rules to bulk process unlisted security income.
Income Paid as a Cash Distribution
This income event should only be used for an unlisted trust distribution.
Navigate to Fund Level > Transaction> Fund Income > Distribution Cash
- Select the investment account
- Enter the date cash distribution was effective
- Enter the date cash distribution was paid
- Enter the gross amount of the cash distribution paid.
Income Paid as Reinvested Equity
Navigate to Fund Level > Transactions > Fund Income > Distribution - reinvestment
- Select the investment account
- Enter the date cash distribution was effective
- Enter the date cash distribution was paid
- Enter the gross amount of the cash distribution paid
- Tick the box Includes Reinvest
- Check the residual balance amount
- Only if applicable - this amount is an adjustment to correct the Residual Balance amount
- Enter the number of new units allotted
- Enter the total cost of purchase the allotted units
- Check if there is a carried forward residual to enter here (This is the remaining amount to be carried forward to the next distribution)
If an amount is entered under 'Residual Adjustment' it will create an event under the Match Transactions screen. Typically you will need to match this against either a capital call or a capital return depending on whether the amount is positive or negative.
Income Paid as a Cash Dividend
This income type should only be used for an unlisted company dividend.
Navigate to Fund Level > Transaction> Fund Income > Dividend Cash
- Select the investment account
- Enter the date cash dividend was effective
- Enter the date cash dividend was paid
- Enter the Franked Amount of the dividend paid
- Enter the Unfranked Amount of the dividend paid
- Tax credit attached to the franked dividend (Will automatically populate when a franked dividend is entered)
- Gross amount of the dividend paid (Will automatically populate)
- Enter any TFN Tax amount withheld from the dividend
- Net amount of the dividend paid (Will automatically populate)
- Enter any amount of Listed Investment Company deduction Claimed (Only if applicable)
- Click Submit
If the dividend is reinvested simply check the tick box on the left hand side of the screen called Includes Reinvest and follow steps as per Income Paid as Reinvested Equity
What's Next?
Learn how to enter a Tax Statement Console for an unlisted asset.