Issue

How to adjust member benefit/ tax allocation to reflect an agreed fixed percentage among members, e.g. 50/50 between two members.

Cause 

As Class allocates profit/ loss and tax based on the member's weighted average balance, there are scenarios where clients would like to adjust member benefit/tax allocation in accordance with another agreed fixed percentage among members, 50/50 in this example. 

Resolution

Navigate to Fund Level > Periodic Processing > Period Update

1. Click on the relevant Financial Year 
2. Click on View/Rollback
3. From the pop-up screen, click on Allocate Benefits to Members 
4. The Current Allocation of profit/loss and tax will show up
5. Click on the Edit button
   
   
   
   
6. The fields under Profit/(Loss) Allocation and the Fund Tax Allocation for each member account will show up as a blue colour (which means they are editable)
   
   
   
   
7. Make the adjustment
8. Click on Save