Issue

How can I clear Annual Tax Return validation error related to negative investment expenses? 

Resolution

To resolve this issue you need to identify the negative expense/s and update the Business Event to reflect the correct tax treatment.

Identify the negative expense/s

1. Search the negative expenses in the Expense section of the Operating Statement 
   

   Navigate to Fund Level > Reports > Operating Statement

   
2. Search the business event with negative amount of $217.39 by 
   

   Navigate to Fund level > Transactions > Browse Events > Select Date Range > Group business events by Account Name
   

   
   
   
3. In Property Purchase Settlement event, process the amount net of the reimbursement of negative council rate and remove the council rate from purchase settlement investment.
   
   

Update the Business Event to reflect the correct tax treatment

1. Process a new business event for the negative council rate and match off these events