Class Trust

Reconciliation of Taxable Distribution in Tax Accounting Reconciliation report 

• Added “Reconciliation of Taxable Distribution” section to Tax accounting reconciliation report so that accountants can reconcile the individual tax components back to the distribution   
• Report orientation has been changed to landscape mode   

PDF P&L report to be consistent with Live P&L report 

• If there is any Provision for Deferred Tax or Provision for Income Tax entered via the period update, it was not displayed in the pdf version of P&L report. This has been updated. 

Limiting the number of Beneficiaries to maximum of 15 

• The number of Beneficiaries that can be created for all Trusts is limited to 15  

Others  

• In the contributed unit capital note of “Notes to Financial statement” report, the quantity column is modified to display zero for both capital call and capital return events.  
• Minor fixes to the formatting of the Statement of Net Income report  
  • Removed the wide gap between the Foreign Income heading and transactions listed under it 
  • The totals row was listed twice in detailed report. This is modified to show once 
  • The investment reference or description column in detailed report if long was not fully visible. This is adjusted to show up fully by wrapping onto a second row 

Corporate Actions

We've added 10 new corporate actions this month, see here for full details.

Fixes and Enhancements

Feeds

• Macquarie Bank now supports digital signatures and the authority forms once loaded in Class will be automatically sent to the provider.
• Link for reference: https://support.class.com.au/hc/en-au/articles/360001311756-Macquarie-Cash-