MySF Forums / MySF - The Application / Bugs and Fixes

Notes to the Accounts

blue-sky — Sat, 18 Oct 2008 15:12:59 GMT

The Asset Revaluation Notes to the Balance Sheet quotes revaluations at 30 June 2003. This appears to be hard coded. Can it be changed? Can the software be changed to update the information each year.

Is there another fix.

NB This is one example, there are possibly others

GST on brokerage

sjcarlsen — Tue, 12 Jun 2007 16:33:31 GMT

I included brokerage in the Purchase Shares Screen and used the tax code GST-PC. All the capitalised brokerage and non-refundable GST has been capitalised. And the refundable GST has been credited to GST paid. So far so good.

In the GST processing screen it shows the GST inclusive brokerage amount as the expense and the reduced GST paid as the GST amount. But they are on the same line. The system has not separated out the GST that was capitalised. Therefore there seems to be no way to calculate the correct correct GST amount in the GST report. I can either tag the whole transaction as G15 and report no GST, or I can tag the whole transaction as G11 and over report the GST.

Deferred Income and Asset Revaluations

sjcarlsen — Sun, 12 Aug 2007 14:14:47 GMT

I received deferred income in FY2005/06, which MySF has correctly deducted from the asset cost base. However, when calculating unrealised gains at year end, MySF uses the cost base prior to the deferred income deduction. Also, the balance sheet report seems to calculate the market value of shares as the aggregate of cost plus revaluation (instead of quantity x closing share price). The net effect of all this is that the balance sheet under-reports the market value of shares, by an amount equal to the deferred income, and yet intuitively, the deferred income amount should have no affect on market value.

In FY2006/07, I sold all the units that related to the deferred income amount, but the discrepancy in the market value of shares has carried forward to the new year FY2007/08. From what I can work out, it looks like that at the end of the year in which the asset was sold (FY06/07), MySF reversed the deferred income amount from the unrealised CG account. However, as stated in the first paragraph above, MySF did not include the deferred income amount in the revaluation in the prior year (FY05/06). Which means there is now a permanent under-reporting of unrealised CG, which in turn is causing a permanet under-reporting of shares in the balance sheet, even after the shares have been sold.

The Asset Summary report shows the correct details. However, I have to explain to my auditor why the market value of shares in my balance sheet differs to the market value of shares advised by my broker. Am I missing a trick here?

I can't download updates or connect to your forums from MySF

scott — Sun, 05 Oct 2008 02:54:32 GMT

No matter what I try I can't seem to connect to you for updates or forums. I run Norton 360 and have tried turning off the firewall but it makes no difference at all. When I open MySF it hangs as a grey screen for several minutes and then opens but the dashboard says it couldn't establish an internet connection. I can't download updates and the default box says it may be a program is blocking it and if I try to connect to your forums from the dashboard it says establish an internet connection first. I'm afraid I'm running out of ideas. Is there some "techy" type of rule I can check for somewhere as something seems to block just this program?

Regards

Report Tool Error

mdorourke — Sun, 05 Oct 2008 20:07:11 GMT

Since downloading 5.02 (which may be coincidental) each time I have tried to generate a report using the Report Tool an error message appears suggesting to close MYSF as there has been an error which may effect the data. I have tried a range of things including restarting the computer, as well as closing and reopening MYSF as per the error message. I also receive the same error message when I checked using an old file. I have tried installing 5.02 again and also tried the repair option in the installation program. Any suggestions ??

Regular transaction manager - description not carried across

bruceb — Mon, 14 Jul 2008 13:08:42 GMT

Why doesn't the description for a regular transaction get carried across to the confirmation window when the transaction is due ?

userid / password asked for on startup

bruceb — Mon, 14 Jul 2008 13:11:19 GMT

I have disabled the need for userid/password, which is working fine.

The next time I started the software after removing an asset it asked me for my userid/password.

thanks
Bruce

error removing financial asset

bruceb — Sat, 12 Jul 2008 16:12:52 GMT

Hello

I mistakenly coded a sale of a share as a purchase (shouldn't be doing this early on a Sunday!)

So I reversed the txn, then removed the asset.

The error message which came up was

:"the account for this asset has a balance of : $0.00 remaining, or has one or more system references"

It cannot be removed automatically.

members position - rollover problem

PP Super — Fri, 07 Mar 2008 03:17:46 GMT

Because of ongoing problems (covered in other posts) I held off doing the year end rollover until the last upgrade was released. It got very tight but we still got the fund audited and the return in by the 28th (the last hour of the 28th!).

Then I saw Ron's posting on the members position problem and your fix. I applied the fix and the members position report now will run, as Ron reported.

Unfortunately, the year end rollover was obviously done after upgrading to version 4 but before the bug was reported and the accounts modified.

I now have the following situation:

1) If I go to the year end reports and select Members position, I just get a blank report - the headings are there but absolutely no information - not even the members names.

2) If I go to the members tab and put in the dates for 1/7/06 to 30/6/07, I get the full layout but every field is zero except for "provision for profit" and these figures seem to have no relevance to any of the actual members allocations and are much less than the actual allocated profit for the year.

3) If I repeat this but use the date range 1/7/06 to 7/3/08 (today) I again get the full layout but now every field is zero.

4) If I repeat this but use the date range 1/7/07 to 7/3/08 (today) I again get the full layout now with the correct opening balances for the 07-08 year and the correct members position (no relevant entries have been made yet for this year)

Now (4) seems correct to me - but anything covering the 06-07 year is gabage - presumably because the documented bug caused a problem with the rolled over data that the reports reference.

So what do I need to do to produce correct members position statements for 06-07.

Bank reconciliations - transactions missing

PP Super — Wed, 13 Feb 2008 17:31:38 GMT

I don't know if this is related to my attachment problem (previous post), ie another symptom of a corrupted database, but here's the problem.

I had done 8 bank reconciliations on three different bank accounts. All reconciliations went fine - all transactions showed up and were reconciled and all balances matched.

Then I decided to use the "view past reconciliations" feature - to see how a reconciliation printout would look. Here's what I found:

Account 1, four statement reconciliations:

Statement 1: fine, all four transactions shown
Statement 2: only one of six transactions shown (last one)
Statement 3: fine, all four transactions shown
Statement 4: first says "no records for this reconciliation" then, if you repeat, it shows two of three transaction and, if you keep repeating, it alternates between the "no records" and showing 2 of three.

Account 2, three statement reconciliations:

Statement 1: only five of eleven transactions shown
Statement 2: fine, all eight transactions shown
Statement 3: fine, all three transactions shown

Account 3, two statement reconciliations:

Statement 1: only four of fourteen transactions shown
Statement 2: fine, both of two transactions shown

In every case (whether the reconciliation shows correctly or not) the correct bank balance and zero difference is shown.

Also if you show reconciled transactions - all the transactions show up - its only when you use the "view past reconciliations" that the transactions get lost.

Again, I am getting increasingly worried about the integrity of this software/database - the whole reason for getting it was for reliable records and reporting and this is my second major problem in as many days.

I have now invested a lot of time in setting up the fund and inputing data and I urgently need to finish up the accounts for audit - so a speedy reply would be greatly appreciated.

Backup doesn't always work

BugHut — Fri, 21 Mar 2008 15:08:10 GMT

After entering my data I always backup my file. I use the menu Housekeeping, and select Create Backup. Mysf tells me the backup has been created. When I look at the backup directory, I sometimes see the zip file with size 1KB and the mysf file with 0KB. If I go back and do the backup again, it then works ok and gives me correct files. The way I became aware of this was I wanted to try a new transaction, so I created a backup, entered the transaction, wasn't happy with it, so I immediately did a restore from backup, and ended up with a live file with 0KB, ie, lost everything. Fortunately I had an external backup from the day before and could restore from it.

Year rollover "out of balance" error

remp — Sun, 23 Mar 2008 02:22:39 GMT

Hi.

I have entered all my transactions from 1/7/2005 up to 29/2/2008 then reconciled with bank accounts.When i rolled over to year 2006 an error " out of balance " appeared This error seem to have come from an entry entered 22/8/2007, To correct balance I use the decrease button then continued with rollover.

I next rolled over to year 2007 and an out of balance error appeared again this time it seem to have come from an entry entered 31/8/2007.

Can you tell me what's happening and how to correct this?:unsure:

Thanks

member allocations - rollovers ignored

PP Super — Sun, 09 Mar 2008 01:25:39 GMT

First off - I realise that this is not a bug as such in that, strictly speaking, MySF does make the member allocations according to the formulas as stated:

[quote]Formula 1 (this is the default selection)
Member Opening Balance+ 50% of Contributions for the member divided by Total Opening Balance of the fund + 50% of Total Contributions.
In this first formula the use of the 50% value averages the contributions made over the year.
Formula 2
Member Opening Balance + 100% of Contributions for the member divided by Total Opening Balance of the fund + 100% of Total Contributions.
Each formula will give a slightly different result.[/quote]

However, for our fund I found that this actually gave a very unfair allocation because I hadn't realised that for the purposes of the member allocations rollovers from other super funds are not included as "member contributions" in the allocation formula.

Using the example of our fund to illustrate the problem:

The first year of our fund - so all opening balances are zero - so either formula 1 or formula 2 will give the same result, ie member allocations are directly in proportion to member contributions. So I did the year end rollover and left it at the default formula 1.

Our fund is a two member fund with one member (me) using it as my sole fund, whilst my other half uses it as a secondary fund to her (work)government super the result is that our respective fund balances are around 98.5% to 1.5%. So I didn't initially notice that the allocations calculated were inappropriate at around 99.7% and 0.3%.

After we completed the accounts, we sat down to see how our fund had been doing and I was quite pleased to calculate that the fund had returned 22.9% over what had been only around 9 months of operation. (Based on profit distributed as a percentage of the total input of contributions and rollovers).

Unfortunately, when we did the same calculation for our individual situations, my other half was far from impressed to find that my return was 23.2% whilst hers was 3.5%!!

The reason for this was found in the breakdown of the funds paid into the super, which was (rounded to 0.1%):

My rollovers: 36.9%
My personal contributions: 61.6%
Her rollovers: 1.4%
Her personal contributions: 0.1%

In other words nearly all her balance had come from funds rolled in - whereas over 60% of my balance had come from personal contributions.

I think, as a minimum, you need to make it clear that rollovers from other super funds are not included as "member contributions" in the allocation formula. However, it seems to me that logically an equitable allocation must take into account funds rolled in as well as personal contributions, in fact it would not be unusual for funds rolled in to exceed personal contributions. If you do not think it is appropriate to just change your formulas to include funds rolled in then at least offer them as an option, eg:

[quote]Formula 1 (this is the default selection)
Member Opening Balance+ 50% of (Contributions + Transfers in) for the member divided by Total Opening Balance of the fund + 50% of Total (Contributions + Transfers in).
In this first formula the use of the 50% value averages the Contributions & Transfers in made over the year.
Formula 2
Member Opening Balance + 100% of (Contributions + Transfers in) for the member divided by Total Opening Balance of the fund + 100% of Total (Contributions + Transfers in).
Each formula will give a slightly different result.[/quote]

Taking this further, the formula should really allow for outward rollovers also - though typically this would be more unusual so a case could be made for making this optional rather than default.

I realise that you always have the option to override the default formula to account for anomalous situations - it just seems to me the default formula should better account for the fairly normal situation of significant rollovers into (or out of?) the fund.

By the way, I have restored domestic harmony by promising to make a personal contribution for my other half of somewhat more than we shortchanged her!

Members Position Report

atkins12 — Mon, 03 Mar 2008 23:23:24 GMT

Hello

Since updating to version 4 I have not been able to successful run a Members Position Report. Each time I run the report an error message "There are no records for this report" appears.

Just in case my file may have been corrupted, I restored an earlier version of the file, from which I had, under the previous versionof MYSF, successfully run the report. No joy, the error message still appeared.

Regards .... Ron

End of year rollover errors

PP Super — Sun, 17 Feb 2008 04:33:16 GMT

I am trying to finish off the 2006/2007 accounts, but all that I seem to do is come up against bug after bug in MySF :(

I have just done the end of year rollover (luckily making sure I have an unrolled copy to revert to in case of problems).

The rollover seemed to go OK. But then I went to generate the end of year reports and there are MAJOR ERRORS - and they are not just display problems with the report generator but some are actual transactual errors.

The main, and most obvious error is in the end of year share revaluation and writing to the increase in market value:

If I look at the "revaluations" report I can see that for all the shares I purchased by off-market transfer, the "Start Value" is given as the cost of the shares, as it is for the TLSCA installment receipts purchased by cheque. However all shares purchased on the ASX through Commsec show a "Start Value" of zero.

The "End Value" is correctly shown in all cases with the result that the "Difference" is correct for all the shares showing the cost as start value but for all the ASX purchases, the "Difference" is shown as the full market value of the shares on 30/06/2007.

Consequently I have an error in excess of $300k in the increase in market value. This also flows on to the balance sheet so that the fund assets are inflated by the error.

Interestingly, If I now do an asset listing summary for 30/06/2007 it correctly shows the cost for ALL assets. However the transaction reporter shows me that the actual end of year transaction posted is the WRONG inflated increase in market value.

I have double checked the original purchase transactions and the only difference I can see between the correctly processing OMTs and the ASX purchase giving the problem is that the ASX transactions have brokerage and so give 3 line transactions rather than the simple 2 line credit/debit of the OMTs.

I know the splitting of the purchase into price/brokerage lines should not make any difference - but the problem is clearly limited to the ASX purchases and that is the
only difference that I can think of.

The other problem is with the profit and loss statement, taking the 6 sections in turn:

Income: Seems OK
Expense: Seems OK
Profit/Loss: Seems OK until the "plus non assessable income" and therefore subsequent profit (see next)
Non-assessable Income: Lists ALL income, ie non-assessable income that SHOULD be included plus all the assessable income already listed under "Income" also has the WRONG value for 4210 Increase in Market Value.. as discussed above.
Non-deductible Expense: Lists ALL expense, which in my case was all deductible and already listed under "Expense"

However, the totals shown under Non-assessable Income & Non-deductible Expense do not reflect the figures listed above them.

For the Non-deductible Expense, the total is correctly shown as zero below a listing of three line items with costs that were incorrectly shown (having already been shown at "Expense"

Similarly for Non-assessable Income, although ALL income is listed, the total represents only the non-assessible component - though in error due to the increase in market value error.

What on earth is going on here?

I got this software because it was supposed to make all this stuff simple, reliable & accurate - I'm really starting to question the wisdom of that decision.

HELP please! I'm really running out of time here.

Attachments being attached to the wrong transactions.

PP Super — Wed, 13 Feb 2008 00:11:02 GMT

After not being too happy with some of the work arounds given to correct errors, I decided to write off my first years input as a learning experience and started afresh.

All is generally going well - it is a lot easier the second time round!! and so far (touch wood) I haven't made any input errors.

However I have discovered one bug that is, well, really bugging me.

I decided to take advantage of the fresh start to attach supplementary documents to transactions (eg contract notes, dividend statements, members contribution forms, ETP statements etc, etc).

Then I had reason to check a few transactions and found that attachments were not being attached to the right transactions.

Eg a listing of members contributions where I had attached a contribution form (MCF) to each transaction was now showing some transactions with 3 or 4 attachments and others with none. The same with some rollovers where 2 ETPs would be attached to some transactions and none to others.

I found that I could remove the wrongly attached documents then re-attached them to the right transaction - and so far they seem to be staying put.

However, I now find I'm losing confidence in the integrity of the database - how can stuff-ups like this happen?

At least with the attachments it is relatively obvious when there is a problem (well, at least if you go and check every transaction). But if fund allocations wander around like this it would obviously be a real problem.

How is the link between the transaction and the attached file maintained - what sort of problem would result in these links being corrupted - and what other problems might this indicate.

I'm now really getting behind with all this so your response is needed urgently.

Rounding errors (limitations) in 'at market' sales

lawrie — Tue, 27 Mar 2007 05:42:28 GMT

I recently sold several share holdings 'at market' price, and consequently sold various parcels of the complete holding for a range of discrete prices. The contract not for these sales showed the average sale price displayed to 6 decimal places. Beacuse MySF rounds to 4 decimal places, the journal entry created for the sale posts incorrect amounts to the bank account and profit/loss.Is there some way around this, other than to create an additional journal transaction to adjust the (incorrect) sale entry? This approach leads to a lot of small entries in the bank account that never match any real transaction on the bank statement!While you get to view the details of the sale entry to be recorded, there is no way to alter it at that time. I attempted to manually adjust the general journal after it was saved, but this fails becuase the share (asset) has been sold and MySF will not permit changes to transactions on assets that are no longer current.This leads to a second issue ...If a dividend payment is received after a share has been sold, the cash receipt cannot be recorded against it because it is no longer an asset - there needs to be a way to enter these dividends/distributions without having to reverse the sale first.

"Market Value of Assets" graph fails

wanzhu — Mon, 07 Jan 2008 23:43:54 GMT

I cannot get MySF to complete the graph when I specify inclusion of the benchmark "^AORD". The progress bar stops about half way and, after a moderate delay, an error message appears saying that MySF has encountered a problem and needs to close, with an invitation to report the problem to Microsoft.

MySF hangs on manual asset revaluation

wanzhu — Thu, 03 Jan 2008 17:40:01 GMT

I am trying to revalue my financial assets manually as at 31 Dec 2007. In the Asset Revaluation Table, after selecting an asset, whenever I enter a revaluation date manually or click on the arrows above the calendar to try to select a date, MySF hangs and I am obliged to exit using Ctl-Alt-Del.

I thought there was another method to revalue assets manually, but I cannot find it. Has it been removed?

Tax defered component to distribution

bryanlovquist — Tue, 27 Nov 2007 03:24:27 GMT

Hello

I was going though the general ledger transactions generated by the distribution entry / reinvestment / cash receipt screens and believe there might be a problem if the distribution contains a tax deferred component. I was using the completion of incomplete distributions functionality.

If the distribution is done as a cash receipt the transaction is I believe correct in that the tax deferred amount is applied (reducing the cost) against previous assets on a proportional basis.

If the distribution is done as a reinvestment it appears that the tax deferred amount is applied (reducing the cost) in total against the newly created asset. This seems incorrect to me.

Should MySF not apply the tax deferred component the same way in both cases, ie. proportionally against the previously existing assets?

Regards

Bryan Lovquist

Possible rounding problem

bryanlovquist — Tue, 13 Nov 2007 03:51:49 GMT

Hello

I believe that there is still a rounding problem issue in the new distribution completion functionality.

I have sent an email with a screen shot which hopefully will provide you with sufficient information to replicate the problem.

Regards

Bryan Lovquist

Asset Listing values don't pick adjustment for interest on warrants

scott — Tue, 23 Oct 2007 02:19:24 GMT

My accountant noticed that when I purchase instalment warrants the transaction reporter shows that I make two entries; 1) I debit a/c 1154 for capital and transaction amounts and credit a/c 1101 for bank then 2) I debit 1149 for the prepaid interest component and credit 1154 to reduce the capital price by the interest component. When he looked at the Asset listing summary it records the warrant at the total amount that was paid (ie it equal the bank figure) and step 2 doesn't reduce the amount under the asset listing. I don't think it's a big deal but really the asset listing should reduce by the prepaid interest figure.

Regards

Posting Dividends on Sold Assets

MySF — Tue, 08 Jun 2004 12:57:42 GMT

Version 1.4.1Where all units of an asset have been sold, it is not possible to post a dividend using a date later than the sold date. Unfortunately there is no easy work around to this problem.We will provide a patch to correct this before the end of June 2004RegardsMySF

Receipt Type: Distribution

John F — Wed, 19 Sep 2007 07:45:36 GMT

When Recording Receipts and selecting Receipt Type Distribution, why is it then necessary to select an Income Account in the Distributions Screen? Shouldn't the system automatically default to 4110 Distributions Received?

The Income Account also does not recognise 4110 when you enter it manually, you have to use the Browse option, and that should not be necessary!

Regards

John F

0 units, however residual asset cost value

linassilva — Sun, 16 Sep 2007 04:05:09 GMT

1. purchase 920 units @ $5.41 each + $31.90 brokerage (29 + 2.9)

2. $0.23 per unit capital repayment processed

3. $0.15 per unit capital repayment processed

4. Sold all units for a profit; 0 units remain, however asset account shows a residual value of $211.74

Refunds & GST

pelagic — Mon, 13 Aug 2007 03:04:26 GMT

Can you please advise the best way to handle a refund which includes GST?

I recently recorded a cash payment of $99 for Admin services. The transactions were CR Bank A/C $90, DR 5115 Admin Costs $90 DR 2510 GST Paid $9.

I was later advised of an error - the cost should have been $88 - and I received a redund of $11.

I could just reverse the original entry and enter the correct amounts in a new transaction, but then the refund would not show up in the Bank reconciliation.

The other option that I considered was entering a journal with DR Bank A/C $11,CR 5115 Admin Costs $10 CR 2520 GST Collected $1.

What is the best way to handle this?

'Notes to accounts' problem

bd_heathcote — Thu, 09 Aug 2007 04:34:02 GMT

Maybe I have misunderstood what needs to be done preparing for the EOY process but I was dismayed, on completion of that significant step, to find that the 'Asset Valuations' note for the 2006/07 year has the valuation date as 30th June 2003!

Was I wrong in assuming that the account notes would automatically update to reflect the correct accounting year dates?

I assume I need to restore a 'pre-EOY' fund file in order to correct the error, and then do another EOY?

Fund file apparently corrupted on upgrade

wanzhu — Sun, 01 Jul 2007 01:33:04 GMT

After upgrading to version 3.1.2, I was unable to load my fund file from the opening screen. I received an error message suggesting that the file had been moved or renamed or changed to "read only" or damaged. On checking, I found that my file had neither been moved, nor renamed, nor changed to "read only". I had to restore from my latest backup.

A similar thing happened to me after the upgrade to Version 3.0.0. Has anyone else had a similar experience? Might this indicate a bug either in MySF or in the upgrade installer?

Possible discrepancy in Profit & Loss Report

bryanlovquist — Sun, 01 Jul 2007 04:49:44 GMT

Hello

I have upgraded to version 3.1.2.

When I run the Profit & Loss Report it reports a total income which differs from the value reported by the summary account 4000 (Income) when viewed using the General Ledger Accounts maintenance functionality.

The difference is equal to the amount against account 4675 (Government Co Contributions). It would appear that Government Co-Contributions are not being included as income in the report.

Is this correct?

Regards

Bryan Lovquist

Report Tool error message

bd_heathcote — Sat, 30 Jun 2007 00:46:06 GMT

When I first installed MySF (I'm still using 2.0.10) I didn't have any problem generating reports using the Report Tool but now I get the the following Crystal Report Windows Forms error message:

Error in File C:\Documents and Settings\BDH\Local Settings\Temp\temp_...................rpt:
Failed to load database information.

The actual temp ...rpt file seems to vary, but I have the same problem with either the sample database or my own. There is certainly no such file in the listed location. If it was there it is possible it was removed by a temp file cleaning utility program I used, but I would not have expected any critical/permanent files to be kept there.

How do I fix this?

Opo up balloon help

djjohnson — Fri, 29 Jun 2007 17:39:52 GMT

How do you turn off the annoying balloon popups?

Asset Allocation Graph

wanzhu — Tue, 26 Jun 2007 19:22:01 GMT

This is not a bug, just a mild annoyance. The percentage figures on the asset allocation bar graph are difficult to read, being black against the blue and red bars. Can these figures be in white and centred on each of the blue and red bars?

Treatment of Tax Deferred distributions

tonyhollings — Thu, 22 Feb 2007 04:11:19 GMT

I owned some shares and disposed of them during the financial year.During the period of ownership, 2 distributions were made with each including a tax deferred component. The distribution transactions in MySF produced journal entries to reduce the cost base by crediting the value of the tax deferred components against the asset account.However, when the shares were sold, MySF calculated profit/loss against the original purchase price and not the adjusted cost base which should apply. This then incorrectly calculates realised capital gains in the P&L.In addition, the amount of the total tax deferred distribution components appears to have been added to Increase in Market value in the Balance Sheet.Another share with similar distribution components, but still held shows a correctly adjusted Cost in the Closing Balance columns of the Asset Movement Report.Can you advise how to rectify.RegardsTony

Error: The BackgroundWorker is currently busy and cannot run multiple tasks concurrently

tgilbert — Fri, 22 Jun 2007 22:48:30 GMT

Hi,

I noticed a problem trying to re-invest Distributions (the thing I have struggled with most since adopting MySF)

Steps to reproduce:
1. Open the Sample Fund
2. Select Manage Fund | Add or Manage Assets | Financial Assets | 012-Investment Funds
3. Expand the List of Assets tree and highlight "VAN -> Index Australian Shares Fund @ 30/04/2007.
4. Click on the link "Add more units in VAN"
5. Fields are pre-populated but "ASX Listed" changes from No to Yes (Undocumented feature #1)
6. Select [i]Dividend Reinvested[/i] asthe Purchase Type
7. Enter a transaction date
8. Enter some details ($10 per unit by 50 units with $0 brokerage and Tax Type = None, say)
8. Click [b]Add[/b] and confirm details.
9. Answer [b]Yes[/b] to "Will you need to record Dist. . . "
10. Check the box "Enter full Dividend Reinvestment details later"
11. Notice that although all of the now requested details have already been captured in the Dividend Reinvestment window, they must be re-entered here. (Enhancement Request #1)
12. Enter the correct details.
13. Click Save. You will get a window saying "Partial Dividend Reinvestment has been successfully saved."
14. Click OK.
15. Wait some time in case of delayed processing.
16. Click Exit
17. You will get an error saying "The BackgroundWorker is currently busy and cannot run multiple tasks concurrently."
18. Click OK
19. Check the "List of Assets" tree. The new investment is there.
20. Check the Transaction reporter. The transaction is there.
21. Run Report Tools | Financial | Distributions - you will see "no distributions" (not sure if this is expected or not. I was hoping that this amount would be included on a distribution report)
22. Run Report Tools | Financial | Incomplete Distributions - you will get an error "[b]An Error has[/b]" [i]MySF has encountered an error. This may have affected some data, and the program should be restarted. Exit MySF now[/i]?" :w00t:

(Version 3.1.1)

Also, the amount ($500 in the example) appears to hit 4117 on the Trial Balance, but doesn't hit Income under 4117 on the P&L. Is this correct?

Cheers,
Tony

Sample Fund Fails to refresh

tgilbert — Wed, 20 Jun 2007 22:24:17 GMT

Hi,

I did some more testing around this problem mentioned elsewhere.

My sample fund is located in

[i]My Documents\My Accounts\MySFV2\SampleFund[/i]

MySF knows that [b]this[/b] is my Sample fund because in the Select Fund dialog, this is the fund that is always highlighted when I open MySF (not my most recently opened fund file, or the fund file that I double-click in File Manager) therefore MySF is treating it differently to other funds listed and my inference is that it is treating it as my Sample Fund.

The Help says
[quote]If you would like to restore the MySF Manager Sample Fund to its original state when you received MySF Manager, go to File > Refresh Sample Fund. This will completely restore the original Sample Fund and remove any modifications you may have made to it since receiving your copy of MySF Manager. [/quote]

I've discovered that this button does indeed restore the ORIGINAL sample fund to the hard-coded location "c:\samplefund". Regardless of the fact that such a fund doesn't appear in the Select Fund dialog, MySF recognises my personally-located "My Sample Fund" file as my Sample Fund and there was no such directory on my hard disk prior to me selecting [i]Refresh Fund File[/i] menu option.

I'd happily sacrifice the [i]Refresh Sample Fund[/i] feature to bypass the Select Fund File dialog on startup. :hehe:

Regards,
Tony

Cannot attach Investment Strategy document

wanzhu — Thu, 14 Jun 2007 00:12:44 GMT

I had my Investment Strategy document attached in the previous version of MySF and it showed up in the "attach documents" panel in the Investment Strategy window - the one with the pie chart. In Version 3 of MySF, the "attach documents" panel is blank. When I click on "Browse", I get the following error message:

"Exception: You must call Sub SetProperties(Id,Name,Type) before using this User Control."

I click on "OK", the error message disappears but nothing else happens. I am therefore unable to attach my Investment Strategy document.

Error: "The parameter is incorrect" when running Year End MCS reports

tgilbert — Tue, 19 Jun 2007 05:52:06 GMT

Hi,

I'm having a little trouble in V3.0.0- Manager with MCS reports after year-end roll. The MCS report won't display - just gives an error "The parameter is incorrect".

I've reproduced in a "refreshed" Sample Fund attached.

Steps to reproduce:

1. Refresh the sample fund
2. Process a year-end roll following all the defaults (Yes, Next, Yes, Next etc)
3. Select Reporting Tool | Year-End Reports | John Smith MCS -> View Report.
4. You will get a Crystal Reports error [Crystal Report Windows Forms Viewer] [i] The parameter is incorrect. [OK]:

Same thing happens for Sally Smith MCS. MCS can be viewed OK from Members tab but I think this is a different version of the report?

I've emailed a copy of the Sample Fund to info@mysf.com.au

Over to you.
Cheers,
Tony Gilbert

Error after installation of 2.0.9

wanzhu — Thu, 09 Nov 2006 01:47:08 GMT

In Reporting > Analysis Tools > Asset Values vs Investment Strategy, when I click on "View graph of asset allocations" I get an error message as follows:An error has occurredMySF has encountered an error.This may have affected some data, and the program should be restarted.Exit MySF now?This did not happen before installation of 2.0.9.

How Do I Restore my Backup File?

John F — Mon, 16 Apr 2007 00:08:10 GMT

I need to restore the Sample Fund backup file created when I ran a rollover to see how everything worked. How do I go about it? I would have thought that there would be a menu option to restore, similar to the one you have for backup.

Franked & Unfranked Income

John F — Sun, 15 Apr 2007 23:58:09 GMT

As the Income section of a Fund Income Tax return requires a breakup of the Unfranked and Franked amounts received from Dividends and Distributions, why are these amounts not shown on the Profit & Loss Statement produced from a rollover? I ran a Dividend Report prior to rollover and whilst it contained the information I had recorded under the Receipt Type of Dividends, and the Distribution Report showed any Unfranked or Franked income recorded under a Receipt Type of Distribution, I would have thought that some type of report was available combining the two figures. Also, why are these reports, or a combined total report, not available as Year End reports once you have rolled over?Your comments and advice would be appreciated.