Refer to Segregation for the main help.
Frequently Asked Questions
Can you use the Segregation Wizard for Investment Purposes and NOT ECPI purposes?
Trying to separate the two, where the method used to claim ECPI is the unsegregated method, but the fund has a segregated Investment Strategy, greatly complicates the administration of the fund.
In future releases, we will look to add additional options that would allow for an Investment Strategy perspective.
Net Value of Assets not reconciling with the members' statements when the fund's assets are segregated?
When a fund is segregated, Simple Fund 360 will apportion the expenses (General and Admin expenses) based on the members' weighted balances.
In a fund, there is no other investment except for a bank account and there are two members.
Account 60400 Bank Account has been allocated to Member A
If you process an expense of $1,000 for accounting fees:
DR Account 30100 - Accounting Fees
CR Account 60400 - Bank
Therefore, this will reduce the bank balance and thus the overall Net Value of Assets by $1,000. Since this is a general expense, it is not allocated to only Member A but is apportioned instead between the two members based on the members' weighted balances.
This is why, in this case, it is not possible to reconcile the Overall Value of Net Assets with the members' statements.