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Reversing Transactions Expand / Collapse
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Posted 27/09/2008 9:01:18 PM
Junior Member

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Group: Forum Members
Last Login: 27/10/2008 4:13:41 PM
Posts: 1, Visits: 5
I stuffed up an entry for a dividend reinvest which I entered using the distribution statement - prior to receiving the annual tax statement which itemises the componenets of the distribution.

The problem is that I did not tick the box to enter the detail later - I am new to the software and still finding my feet.  When I realised my error I reversed the transaction and re-entered it with the ticked box.

When I look at my Asset Listing Summary report I am getting the units comming up twice, albeit that one has no value - this leads me to think that the transaction reversal has only reversed the monetary entry and not the units of asset?

I cant see any way to get rid of these additional units and therefore any revaluation of the investment to market value is wrong - although the original cost in $ terms is correct the number of units is inflated.

Am I correct in thinking that transaction reversals for dividend reinvest do not reverse the units? How can I sort out this problem?

Please assist

Post #4051
Posted 28/09/2008 4:58:15 PM
MySF Administrator

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Group: Administrators
Last Login: 2 days ago @ 5:53:34 PM
Posts: 90, Visits: 363
Hello,

You are correct that the transaction reporter does not remove the units. There are two steps to removing an asset:

1. Reverse the transaction created when the asset was added (you have already done this part) through Reporting > Transaction Reporter.

2. Remove the actual asset through Housekeeping > Utilities > Remove Asset.

Pressing the 'F1' key on your keyboard while the Remove Asset screen is open will show you the help manual with some additional information about the screen.

Please contact us if you require additional assistance.

Best Regards,

MySF
Post #4053
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