MySF Forums / MySF - The Application / The Wishlist

Entering Dividends with Conduit Foreign Income Components

cssaus — Thu, 15 Mar 2012 19:53:47 GMT

My suggestion is to allow the inclusion of a Conduit Foreign Income (CFI) component when entering dividends.

At the moment it requires the dividend to be entered as a "distribution" in order to include the CFI amount which then distorts the reporting of income into it's correct category.

Backup Option - Prompt for FileName and Location

mcleanz — Thu, 24 Feb 2011 21:19:45 GMT

Do you have plans to enhance the backup function to include

1. a prompt for Filename, of course if you dont type anything it will revert to system filename

2. Included ability to select an alternative location.

Tony

PDF version of end of year reports

scott — Tue, 22 Dec 2009 21:29:55 GMT

Hi,

We we do the end of year roll there are a string of reports generated just before you hit finish. My account doesn't use MySF but he does appreciate me sending him those reports. Is there a way to bulk email them as PDF's rather than selecting each one and saving a copy as a PDF and then creating the email?

Regards

Backup & Restore

atkins12 — Sat, 01 Mar 2008 23:48:03 GMT

Hello

Would it be possible in the next release for the "Restore Fund" window to list the available backups in descending date/time order instead of the present alphanumeric sort?

Also, the ability to add a short description with each backup would be helpful.

Regards .... Ron

Unit totals on Change in Market Value report

tgilbert — Sun, 09 May 2010 18:39:12 GMT

Hi,

Please could the Change in Market Value report be modified to show a sub-total of units for each holding?

Keeping parcels is helpful for CGT but in all other circumstances one is rarely interested in "by parcel" information.

Personally, I think it would be helfpul also, if the Asset Summary report showed only the Total lines and left the detail lines for the Asset Listing report.

Regards,
TonyG

Selected transactions report

bryanlovquist — Sat, 05 Sep 2009 19:28:37 GMT

Hello

When I send the details of my SMSF to my accountant at EOY there are occassionally a set of transactions that I would like to make the accountant aware of, ie. it is the transaction set (as opposed to the individual transactions) which is important.

Would it be possible to add functionality to the Report Tool --> Transactions reporting capability such that I could specify explicitly a set of transactions to be included in a report.

Thanks
Bryan Lovquist

Distribution entry - small fixes

bryanlovquist — Sun, 16 Sep 2007 17:37:16 GMT

Hello

I believe that you are intending to release a new version in the not to distant future.

Is there any possibility that you might address the following two (small, I believe) issues.

1. On distribution input, the screen allows the user to enter the asset code and then defaults the long and short name. The short name is defaulting to the asset code rather than the short name.

2. On purchase or distribution input, could you set the default of the "asset distribution" (Australian equities, International equities, Property etc) to be that of the last entry. I don't believe that there are any cases whereby the "asset distribution" for one purchase of an asset (code) would differ from the last.

Sorry, I cannot remember the wording used in MySF to refer to the "asset distribution".

Thanks
Bryan Lovquist

Regular transaction manager request

bruceb — Mon, 14 Jul 2008 13:09:36 GMT

THis would be a useful feature

thanks

Annual Fund Performance

ross133 — Mon, 30 Nov 2009 22:32:14 GMT

Could the performance of the fund for the year be included in the Member statements. Presumably there is some Australian standard for the calculation method so that direct comparison can be made with other funds.

Auto updating of tax rates and effective dates

ross133 — Thu, 29 Oct 2009 04:56:59 GMT

It would be nice if you could automatically provide updated tax rates for each fy as they turn over. I am trying to find the correct values for 2008-09 and add the entries, but you must already know them! since I never provided the preceding years of information.

I love a loan account that I can do a reconciliation against

scott — Sat, 31 Oct 2009 19:08:07 GMT

I have a loan a/c in my superfund and have to make monthly payments against it from another account and the loan a/c accues interest. I would love to be able to run a bank reconciliation against it like I would do with a bank account. I have it recorded as a/c no 2810.

Regards

Cash Payments - Electronic Funds Transfers

superkev — Sun, 12 Aug 2007 19:13:10 GMT

These days, many transactions occur via internet or other direct electronic means (eg direct debit facility or telephone direct debit/transfers).

The payments section has provision for cheque number but nothing to formally recognise an EFT or DD payment.

I have put a comment in the "Memo Box" but it would be nice to have to have EFT and Direct Debit payments as pick options (say with Cheque as another option).

SMSF Annual Return

atkins12 — Thu, 18 Dec 2008 19:52:03 GMT

We now have a new simplified SMSF Annual Return to submit to the ATO, and hopefully this form will be consistent for future years.

Is there any possibility that after EOY processing MYSF could provide a report aligned to the ATO annual return to help us complete this return?

Regards ....Ron

Failed Revaluation Report

ColinCam — Fri, 08 Aug 2008 01:19:05 GMT

Hi,

After the completion of a revaluation of all shares the Failed Revaluation dialogue box often extends off the screen. Fine it can be closed but as the report (in my case 56 failed revaluations ) contains both those shares that are no longer held ( obvious) and those that can not be " revalued to zero" it needs a simple fix

So that these genuine failures can be manually revalued it would be of great assistance if a report could be PRINTED of the failures. This avoids having to scroll through the Asset Listing to look for revaluation dates or trying to remember the ones that failed to revalue from the on screen report.

Any ideas,

Regards,

Colin

Online Valuation Updates

superkev — Mon, 03 Dec 2007 07:38:41 GMT

Currently, the system seems only to provide for one to select to update "ALL Financial Assets" yet the system can only update ASX listed items. It would be preferrale to be able to select an item, various specific items or a folder (eg Shares) prior to starting system.

As it is presently, the system stalls for extended periods of times as it scrolls through an alphabetical listing of ALL Financial Assets - which inn my case includes Managed funds, mortgages and hybrid products which are not able to updated.

When entering a new asset on the system, it asks if the asset is an ASX item or not - but does not appear to use this information to best effect in running the update function.

Regards

User ID & Password Dialogue Box - Entry Key to activate

superkev — Sun, 12 Aug 2007 19:33:38 GMT

Like the system - have noticed a few little opportunities for tweeking it to make it even better from a convenience point of view.

It would be nice to be able to choose to use ENTER key to activate system from first dialogue box (insertion of User ID and Password). Presently, I appear to be only able to use Left Click of mouse, meaning I jump from keyboard to the mouse.

Year End Revaluation Report

ColinCam — Wed, 13 Feb 2008 23:06:56 GMT

Hi all,

My accountant / auditor has just completed my 2007 Tax return and has provided a comprehensive report out of BGL for my review. To assist in ensuring it is correct without having to carry out a great deal of summation it would assist if the above report was totalled for Start Value, End Value and Difference and not just the Journal entry showing the difference. It makes it easier to track down any incorrect entries!

Regards,

Colin

Partial Distribution withholding tax

ColinCam — Mon, 29 Oct 2007 17:29:14 GMT

Hi,

Several of my Trusts (offshore) deduct withholding tax at each distribution. These Trusts still send a final Tax Statement but when entering a Partial distribution prior to the receipt of the Tax statement there is no facility to reduce the income into the bank account by the amount of the withholding Tax.

Can there be a Tax Withheld field so that the Bank account remains correct. If a journal entry is made at the time of initial entry to CR Bank and DR Withholding Tax then you must remember not to re - enter the Withholding Tax when you complete the past distributions.

Just a minor one but it may be a little complicated to achieve.

Regards,

Colin

Integrity Check

John F — Tue, 09 Oct 2007 01:54:06 GMT

Why doesn't the integrity check display the incomplete transactions it picks up? I find it very frustrating, to be unable to view and then subsequently agree, to it rectifying the errors it purports to pick up! Are they shown anywhere in Transaction Reporter?.

Regards

John F

Transfers Between Bank Accounts

AnthonyBriffa — Sun, 19 Aug 2007 21:22:00 GMT

Hi,
The functionality recently added to facilitate transfers between bank accounts is great. However, from my perspective it would be greatly enhanced by adding a details field in which could be recorded the reason for the transfer. I can't work out how to do this manually under the present set up.

Regards,

Anthony

Dispaly FY in use on Active screen

superkev — Sun, 12 Aug 2007 19:26:26 GMT

It would be nice to have a visual reminder on screen - or perhaps available by a right click of mouse - indicating the Financial Year that is active.

It may only be that I am setting up details for first time (but I can envisage similar issues at each end of year when adjusting Funds EOY details etc), every now and then AFTER you have entered various details and hit the enter button, the system says sorry wrong year folks - bang your entry has gone. Return to Go (Don't collect $200!). Now, enter it into the right year.

Alternatively, it might be that the system says " Hey, folks, are you sure that the date is correct? YES - NO". Then, based on your answer has you correct the date (a NO answer) or, if YES, asks along the lines "Opps - Well, buddy, you're in the wrong year; would you like me to add this to the correct year anyway? YES - NO"

Edit capability in text areas

superkev — Sun, 05 Aug 2007 07:28:02 GMT

I notice that the ability to edit text and use formatting in the Text Boxes of the Documents Section of the Investment Strategy area has disappeared. Have not looked into other areas yet to see if lack formatting applies (eg Minutes area).

I found this feature useful when setting up MySF with my Strategy, Fund Plan etc (ability to bold, italics etc for clarity) in version prior to upgrade to V3. Material that was carried across following upgrade contained odd objects on screen and would not print out as a well formatted document as previously.

Will you be reintroducing this functionality?

Total for Fund Managers in Reports

djjohnson — Mon, 02 Jul 2007 05:33:09 GMT

Is there any way of showing totals for funds managed by a fund manger; eg I want to see a total of funds I have with CFS and have multiple funds within CFS eg: CFS Geared Share, CFS Challenger Aus Share etc etc. I originally tried loading the sub-funds at a higher level than I do now, but that caused problems when I revalued the funds (it revalued all sub-funds at the same price).

Thanks

front Page Asset Allocations Column Graph

coronelsuper — Fri, 29 Jun 2007 22:21:34 GMT

the % of planned and actual are hard to see being on top of the columns (pillars) and either need to be set above the column or the colour of the columns need to be light colour ie yellow, pale greens

Distributions and taxable components

bryanlovquist — Sat, 26 May 2007 20:31:45 GMT

The current situation with the entry of distributions is very difficult. You have to make a choice either to not enter distributions during the course of the year or to go through a messy and difficult process in order to enter the taxable components information at the end of year.The entry of distributions for the purpose of keeping track of investments/portfolio value/asset diversification etc should be separated from the entering of the information re. tax components of a distribution.I would like to be able to enter the distributions during the course of the year and then perform some fairly simple and robust process (errors etc) at end of year to specify the tax components of eith each individual distribution or preferrably the set of distributions related to a single asset.ThanksBryan Lovquist

MYSF Update Completion

ColinCam — Wed, 27 Jun 2007 22:56:02 GMT

Hi,

I have noted that both the initial installation of MYSF and subsequent updates all complete without a final screen prompt indicating the installation is complete. A screen icon does appear but there is no definitive completion.

Simply to ease concern that the installation has been completed successfully it would help if such an add on could be included with the next update.

Regards,

Colin

PS I trust it is not my PC or Laptop as all other installed programs provide a completion prompt.

CCS

Importing Busines Cards

tgilbert — Sat, 16 Jun 2007 18:16:10 GMT

Hi,

Now that v3.0.0 has arrived <fanfare>, <whistles>, <corks popping> :D, I've decided to rekey my past year transactions and put aside as a learning experience the messy file that I had so far created under 2.10 .

I notice the Import / Export features look to have been extended in v3 (?).

I'd like to export the Business Cards (and Accounts and Assets) from my existing "messy file" and import them into a new fresh file (leaving the Transactions aside). Is this currently possible?

In other words, what's the quickest way to start over given that all of my "skeleton" information is correct. :cool:

Regards,
Tony

Report on Partial Dividend / Distibution Details

ColinCam — Sun, 17 Jun 2007 19:33:18 GMT

Hi,

As there does not appear to be a dormant Income Suspense account in the GL for these details would it be possible to have a report of some kind to establish exactly what dividends / distributions need to be completed.

Assuming all the Advice Notes arrive they could be checked against the report and then one does not have to scroll thru every share to establish which ones need completing. Further and more importantly of course should an Advice Note fail to arrive it could easlily be identified from the report without having to scroll through everry share to identify which ones are missing.

Running a Dividend or Distributions Report almost gets there as it will list Dividends or Distributions completed but that only solves half the problem above.

Regards,

Colin

Receipt Type: Distribution

John F — Tue, 17 Apr 2007 04:10:39 GMT

Could you provide on the above screen for:-InterestRent & Other IncomeI know these amounts could be entered as Unfranked or the income from the Distribution Statement could be broken into two parts and the Interest & Rental & Other Income entered as a separate receipt, But the Income Tax Return requests a break up of these components, and it would be nice to be able to enter everything from a Distribution Statement on the one screen.

Sort function

ColinCam — Tue, 12 Jun 2007 16:34:53 GMT

Hi all,

When running ar eport of Distributions for the year irrespective of whether I select to Sort by Name or Date the distribution detail always comes out starting with the M's and then wanders through the alphabet. Further, three to four entries from the end I get the Summary which although correct is not at the bottom.

What am I doing wrong?

Finally, as the Distribution report from each company comes in say August, it would help if the distributions for each company could be then consolidated into a total for that company. (easy for the accountant to check against the advice note).

Regards,

Colin

Revaluation of financial assets

leonie — Wed, 16 May 2007 06:00:00 GMT

Relatively new to the software so pls forgive me if I am missing something obvious.Our fund has consistently re-invested the dividends paid by a non-listed fund. (currently 15 parcels and growing). Is there some means by which I can have the software recoginse the Code I have assigned the fund and automatically update ALL of the parcels of units in this fund when I update the first, without my having to manually update each one.Cheers

Distribution Components

Brelades — Sat, 21 Apr 2007 03:53:12 GMT

Just wanted to check when you are likely to issue an upgrade that can handle during the year distributions where the tax elements are not known until after June 30th. This has been the subject of earlier requests by myself and others and you advised that there would be an upgrade in early 2007, which would enable the entering of distributions as receipts during the year and and the subsequent total year taxation compnoents which become available post June 30th

screen resolutions

MySF2 — Wed, 14 Mar 2007 00:53:02 GMT

Some of the updates we are currently implementing for MySF Manager would mean an increase in the minimum screen resolution requirement from 800 x 600 to 1024 x 768.Before making these changes we would like to make sure that there are no current MySF users who have their screen resolutions set to 800x 600.If your screen resolution is set to 800 x 600, please let us know by posting here or by sending an email to info@mysf.com.au, so that we may take that information into account during development.Regards,MySF

transfer between bank accounts

bruceb — Tue, 13 Feb 2007 00:41:00 GMT

It would be handy if in the bank rec window, there was a 'speedy' way of transfering between bank accounts, instead of having to go to the general journal window....

Order in which assets are listed

kjn — Sun, 28 Jan 2007 22:36:09 GMT

In the current Asset Listing Reports where there are many purchases of a particular share they are listed by the day, the month, followed by the year, which means they are totally out of sequence in the order in which they were bought or obtained. Is it possible to report, or for MySF to have the software changed to list, the shares in a chronologically order to which they were bought or obtained?

Editing or Deletion of Transactions

Brelades — Wed, 08 Nov 2006 10:50:24 GMT

I have found that the limited ability to edit a transaction is very restrictive. I believe that it should be possible to either edit or delete a transaction at any stage prior to the year end rollover. Most financial software packages that I have used allow an edit or delete facility and will prompt the user to confirm that the transaction should be edited or deleted. Even if the user later finds that the transaction should not have been changed or deleted it can be edited again or reinput. The process of only being able to reverse a transaction is creating too many reversed transactions especially during the early stages of using mysf.

Proposed changes to distribution processing

MySF2 — Wed, 08 Nov 2006 10:42:52 GMT

Modification to distribution processing.This posting describes proposed changes to distribution processing in MySF Manager.Current difficulties stem from the fact that there are cases when companies issue several distributions during a given tax year without providing specific breakdowns. To address this problem, distributions handling will be amended to allow distribution records to be tagged for completion at a later date. The completion process must then be run before year end to ensure that all details relevant to income and taxation are provided.Step 1) Recording a distribution with only the full amount provided.There will be a modification to the distributions screen, which will be to add a checkbox allowing the distribution to be tagged as “details pending”. To retain accuracy in bank reconciliations, the distribution will still require that an amount be specified as received. The distribution will then be processed as normal, typically with the full amount recorded to 4110 – Distributions Received.For example a distributions of $150 on 1 May, without exact details of breakdown, would be recorded as Franked Amount $150, Income Account: 4110 – Distributions Received, Details Pending.http://www.mysf.com.au/images/uploads/1334886285_d1.JPGStep 2) Allocating amounts when details are received.An additional menu item will be added, called “Complete Distribution Details”. This function should be invoked when full details of the distributions received from a particular company are received.Completing distribution details takes three steps:i) Select which asset’s distribution details have been received.ii) Allocate the full amount. At this point the full dollar amount of “details pending” tagged distributions from this asset will be shown, and asked to be allocated across a screen that closely resembles the current distribution screen.iii) Automated amendment.After validation and confirmation the system will proceed to amend the distributions previously entered, based on the amount received as a percentage of the total distribution in each instance.Continuing from Step 1, if another distribution was received for $30 and recorded as details pending; users would need to allocate a total of $180 of income across the various fields, which would then be automatically allocated proportionately across the same fields for the two distributions. This would actually mean that the distributions processed would be reversed and new distributions processed, this time with full details.The screenshot below shows an example where there were no distributions other than the $150 was received, but the administrator has received the details of the distribution of the $150 and can now split is accurately. In such a situation, the process would also adjust the entry made.The year end process would not be allowed to run until there are no more distributions tagged as “details pending”.http://www.mysf.com.au/images/uploads/791569200_d2.JPGWe would like to invite MySF users to comment on this proposal, either by posting a reply in this thread, or by emailing us at info@mysf.com.auRegards,MySF

Reversing a Return of capital

royjudy — Mon, 09 Oct 2006 06:24:51 GMT

How do I reverse a return of capital? I have simply reversed it but this does not change the purchase price back to what it was before as I understand that the asset register is kept separately from the Transactions (very confusing) I went to the "view & edit sales records" because I had previously sold some of the parcel to delete all entries & start all over again as I normally do but a note comes up warning of dire consequences if a return of capital has already been performedAlso how is my problem that i sent on the 5th June 2006. Is there any progress at all? It is now 4 months since I first asked for help.

Forthcoming Enhancements

adrianrees — Mon, 09 Oct 2006 04:36:13 GMT

HiA number of suggestions / problem threads have covered the topics of enhancements for distribution processing, warrants etc. And other items.Can you give any feedback on how likely these are and any timeframes?

Instalment Warrants

royjudy — Sat, 18 Mar 2006 23:13:34 GMT

Is there any update on the likely release to include Instalment Warrants?I have just completed 2004/05 year ready for the Auditor & by far the most difficult part was handling buying & selling Instalment Warrants with adjustments to Purchase & Sale price for both prepaid & refunded interest & the Holders Put Option. Next year I will have to handle the reset of the Warrants with adjustments to interest & the Loan Amount It is also difficult to handle payments of Special Dividends which count as income with franking credits attached but which are often used to reduce the Loan Amount & not received as income.I would really like to see these features included in MySF as I believe it is currently the biggest single negative in using MySF as an Accounting Package for SMSFs