Linked Accounts

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Overview

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Some linked accounts are automatically created when a bank, member or investment account is added to SF360. These linked accounts are made up of various income, expense, depreciation and liability accounts and are critical for the system to correctly calculate profit/(loss), exempt pension income and depreciation amounts. 

Common Types of Linked Accounts Automatically Created by SF360

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The following is a list of common linked accounts that will be added by SF360 depending on the type of account you add.

Depreciable Asset Accounts (New)

Depreciable assets such as Fixtures and Fittings and Plant and Equipment can be linked to Investment Properties. Refer to Investment Property separate Depreciable Assets for more. 

Investment Linked Accounts

Distribution Income: 23800/INVESTCODE

Dividend Income: 23900/INVESTCODE

Interest Income: 25000/INVESTCODE

Other Investment Income: 26500/INVESTCODE (user will need to add this account manually)

Dividends Receivable: 62000/INVESTCODE

Distributions Receivable: 61800/INVESTCODE

Investment Expenses: 37500/INVESTCODE

Rental Property Expenses: 41910/INVESTCODE - 42150/INVESTCODE

Depreciation Expense: 33400/INVESTCODE

Member Linked Accounts

Contributions: 24200/MEMBERCODE

Proceeds from Insurance Policies: 27500/MEMBERCODE

Management Fees: 40000/MEMBERCODE

Bank Linked Accounts

Interest income: 25000/BANKCODE

Viewing, Editing and Adding Linked Accounts

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You can view, edit and add additional linked accounts for investment and bank accounts. 

In this example, account 77600/BHP.AX BHPShares in Listed Companies (Australian) will be used to view the investment's linked accounts.

From the Main Toolbar, go to Accounting.
Select Chart of accounts from the list.

1. Filter the Chart of Accounts by account 77600/BHP and select the search icon. 
   
   
   
   
2. Select BHP from the search results to edit. 
   
   
   
   
3. Select More Details >>
   
   
   
   
4. To create and add any additional linked account to the investment follow the steps below:
   1. Select Add Link Account 
   2. Select the type of account you wish to add or link to the Investment 
   3. The Account Type will now be added to the Account List.
   4. Locate the New Account from the Account List and Select the Account Code/Investment Code.
   5. Select Save. Simple Fund 360 will now create and Link the Account to the Investment.
      
      
      

5. To remove any linked accounts you have added, select Delete. 

   Do not delete any SF360 created linked accounts.