How to enter Interest received in Simple Fund 360
Interest received is recorded through the Transaction List. Selecting account 25000/BANKCODE or 25000/INVESTCODE will prompt Simple Fund 360 to present you with the Distribution/Interest Details section. This allows you to easily record additional interest information, all on the one screen.
| From the Main Toolbar, go to Accounting. |
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| Select Transaction list |
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- From the Transaction List screen, select New Transaction. From the drop down list, select Bank Statement.
- Input the Date of the transaction and a Reference number (Simple Fund 360 will automatically produce a reference number, but it is editable). You can include a description of the transaction in the Description box.
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Under the Account heading, select the bank account from the Select an account box. Click on the next Select an account box. Begin typing and select
account 25000/BANKCODE or 25000/INVESTCODE (depending on whether the interest is received from a bank account or investment account such as a Term Deposit).Note
ATO interest is recorded to account 25100.
- Input the interest amount received. Simple Fund 360 will post a corresponding entry to the bank account fields on the screen (if you post a Debit amount to the other account, Simple Fund 360 will post a Credit to the bank for the same amount, and vice versa).
- Select More + and the Distribution/Interest Details section will appear below. Enter any additional interest information in this section.
- After you have entered all information for the transaction, select Post to add the transaction and to return to the Transaction List screen, or select Post & Add Another to add the transaction to the Transaction List, but remain on the Bank Statement screen.