Issue
How to clear DRP residual for investments
Resolution
To clear a positive DRP residual amount
Navigate to Fund Level > Transactions > Investment - Sell > DRP Residual Receipt
- Select the investment account from the drop-down menu
- Enter the transaction date
- Enter the DRP residual amount in DRP Residual Receipt Amount field
- Click Submit
To clear a negative DRP residual amount
Navigate to Fund Level > Transactions > Fund Income > Dividend - Reinvestment
- Select the investment account from the drop-down menu
- Enter Record Date and Payment Date
- Enter the DRP residual amount (positive figure) in the Residual Adjustment (+/-) field to reduce the "Previous Residual Balance" to zero.
- The Transaction Date of the event is generally the date the investment was fully disposed.
- As some DRP residuals have never been claimed, in order to match the above events, create either an Expense or Income event. In some cases, the above events can also be matched to disposal proceeds.