Other Accounts in SF360
Any accounts that fall outside the Bank or Investment account range are added as Other accounts. For example, any individual income and expense accounts not linked to an asset, investment or liability are referred to as an other account.
How to add an Other account to the Chart of Accounts
- From the Chart of Accounts screen, select Add Account and select Other.
Select the Account Class. From the drop-down list below, select Normal, Control or Sub Account.
Account Class Explanation Normal A directly postable account type used for bank accounts, individual income and expense accounts. Control An account type used to group sub accounts. You cannot post transactions directly to these accounts. Sub Account A directly postable account grouped under a Control account.
SF360 will automatically attach the investment to the fund. If you want to attach the investment account to all funds in SF360, tick the Attach to all Funds? check box. Click Select Funds and select the funds from the drop down list below if you would like to attach the security to a select few.
Input the account Code and account Name in the relevant fields.Click here for more information on account range >>>Account TypeSimple Fund Account Code RangeSF360 Account Code Range
200 - 299
20000 - 29999
300 - 499
30000 - 47999
485 - 499
48000 - 49999
500 - 599
50000 - 59999
600 - 699
60000 - 69999
700 - 799
70000 - 79999
800 - 899
80000 - 89999
90000 - 99999
Refer to the 1.3 Consolidation of Chart of Accounts help for a more detailed comparison of the account code ranges between Simple Fund and SF360.
Next, select More Details to complete the following information for the investment:
This is the tax label against where the account will show in the income tax return. Select the appropriate label.
In House Status
Select theIn HouseStatus of this account (if applicable).
Select the GST rate of the account (if applicable) from the drop-down list.
Once you have finished inputting the above account information, select Save to add the account to the chart of accounts or Cancel to not add the account.