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Junior Member
Group: Forum Members
Last Login: 27/03/2008 8:34:26 PM
Posts: 6,
Visits: 253
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I am still a bit confused with entering of a super roll-over statement from a previous source. I at first entered the "Preserved" and "Unrestricted amount" into the members accounts 3210 and 3220. But after reading through the "Members Forum" I reversed the transactions to the "Income Accounts" 4715 and 4725 respectively.
Is this correct?
The rollover account numbers for 4715 and 4725 are the members accounts 3210 and 3220, but there are no entries shown in these accounts so how can I check that a members super annuation entitlements are correct.
An additional question to this, I will have another super roll-over statement for the same member from another super fund and this will have different starting date and different Number of days after 1 July 1983, Is this going to present a problem?
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MySF Administrator
Group: Administrators
Last Login: 29/01/2012 4:16:49 PM
Posts: 208,
Visits: 958
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You are correct in posting to the 4000 Income accounts.
The reason for this is that this is income to the Fund.
At the year end rollover MySF will move the amount in account 4715 and 4725 into accounts 3210 and 3220 automatically.
Even though it is not in the members equity account at this time you can see the entry in the Member Position Report.
Go to Report Tool and select the Members report tab. From the drop down box select Members Position Statement.
Tick the box which says Show Detail
When you run the report you will see the entry appearing under income for the member and classified into preserved on non preserved.
You can also choose to tick the box Show Member Profits. This is a calculated value which you will not find in any accounts. What it does is go through and calculate the overall profit of the fund (say from shares or Rent) and the allocate a notional amount to the member based on the Members proportion of the total fund.
This report is very useful in seeing the overall value of the members equity in the fund at any point in time.
There in no problem in adding a second or third ETP. The ETP rollin statement which you enter is related to the specific transaction. So you will be prompted to enter the details of the new ETP form.
Let us know how you go and if you have any more problems
Regards
MySF
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