InstantForum.NET v4.1.4MySF Forumshttp://mysf.com.au/members/info@mysf.com.auWed, 08 Feb 2012 07:42:08 GMT20http://mysf.com.au/members/Topic4589-24-1.aspxHello,<br><br>MySF Manager handles all of the Capital Gains/Loss processing during the year end and will offset them against each other. After the initial Welcome screen in the year end rollover you will see the Capital Gains/Losses screen.<br><br>Regards,<br><br>MySFSun, 13 Jun 2010 17:19:37 GMTmysfhttp://mysf.com.au/members/Topic4589-24-1.aspxEarly in the financial year, our SMSF made a Capital Gain on sale of shares. The Gain was automatically credited as two-thirds to account number 4400-011 and one-third to account number 4500-011. Recently our SMSF has made a Capital Loss on sale of shares, which was greater than the previous Capital Gain, giving us a net Capital Loss. This subsequent loss was debited automatically to 4400-011. Should a journal entry be done to transfer the original one-third credit to account number 4500-011 to account number 4400-011, or does MySF handle this situation during year-end processing?Sat, 12 Jun 2010 18:10:47 GMTbidgee4