For information on entering opening pension balances, see:
Input Opening Balances for Pension Accounts
Transfer Balance Account
When entering opening pension balances on or after 30/06/2017, a Transfer Balance Account adjustment will also need to be recorded.
To enter the opening pension balance Transfer Balance Account transaction in Simple Fund 360 a manual adjustment will be added to the Transfer Balance Dashboard.
Example:
| Entry Date | 01/07/2017 |
|---|---|
| Transaction Type | Existing Pension Balance |
| Member Account Code | SF360 Member Account Code |
| Event Type | SIS |
| Credit | Pension Value |
| From the Main Toolbar, go to Member. |
|
| Select Transfer balance dashboard from the list. |
|
Select Add Adjustment to input any adjustment.
For example, an opening pension balance of $500,000 has been entered for John Jones as at 30/06/2017. The corresponding Transfer Balance adjustment is:
