Issue

How do I process a transfer from a reserve account to a member's account, without triggering the following:

• a concessional contribution
• a non-concessional contribution
• assessable income to the fund

Resolution

To process this transfer, follow the below steps:

Step 1: Create a new Income/Expense type

Step 2: Create the Business Event for the transfer 

Step 3: Match Transaction

Create a new Income/Expense type

Navigate to Business level > Settings > Fund Income

1. Select "Fund Income" as the Category Type
2. Select Add New Income Expense Type
3. Create below Fund Income

    

Create the Business Event for the transfer 

Navigate to Fund level > Transactions > Fund Income > Fund General Income

1. Create the Business Event
2. Override the 'Allocate To' field to point to the specific Member Account

   

3. Create another Business event with the same amount but as negative
4. Override the 'Allocate To' field to point to the Reserve Account

Match the transactions 

Navigate to Fund level > Transactions > Match Transactions

1.  Match the transactions created in Step 1 & Step 2