This video will show you how to add an 'Investment Purchase' type of transaction as an example of how the transaction screen works. Within WealthWorks+, there are currently five types on Investment Transactions which you can post. 


The types of Investment Transactions are; 

  • Investment Purchase

Select the Investment Purchase transaction type to record an purchase of an investment. It debits the book cost and     credits a bank or broker nominal account. This transaction type posts to an investment ledger and the nominal ledgers.

  • Investment Sale

Select Investment Sale transaction type to record a sale of an existing investment.  It credits a bank or broker nominal account. Enter the sale proceeds in the bank line. The cost and profit/loss is calculated on an average cost basis. This transaction type posts to an investment ledger and the nominal ledgers.

  • Investment Income

Select Investment Income transaction type to record a dividend or interest received for an investment, It debits the Investment Income bank or broker nominal account. Enter the net dividend or interest received and any charges. The gross is calculated and credited to the income nominal account.  This transaction type posts to an investment ledger and the nominal ledgers.

  • Investment Journal Adjustment In

Select Investment Journal Adjustment In transaction type to increase the units and/or book cost of the investment ledger. This transaction type posts to an investment ledger and the nominal ledgers.

  • Investment Journal Adjustment Out

Select Investment Journal Adjustment Out transaction type to decrease the units and/or book cost of the investment ledger. This transaction type posts to an investment ledger and the nominal ledgers.

  Tutorial Transcript


Within your Managed Entity, it is now possible to post, edit and view transactions. In this video we will focus on adding an investment transaction.


[00:14] From within a Managed Entity, select the 'Finances' tab. Click the 'Add Transaction' button, which will open the 'Transaction Workspace'.  Ensure you are posting the transaction within the correct 'Period'. Choose your 'Transaction Type', from the available options, for example Investment Purchase. Select the Investment Ledger the transaction is for from the available options.  You can amend the 'Transaction Date' and the 'Value Date' on the transaction you are posting. Enter the number of units the transaction is for.  If needed, you can add reference details for the transaction, by clicking 'Transactions References' Fill in any fields you require. You can then minimise the window by clicking on the button again. Select the Country, you can either scroll or type into the search bar on this field.


[01:22] The Default nominal codes for the ledger have been populated for the transaction, if you need to you can amend these. Select the nominal code you wish to amend and reselect a code from the options available. Ensure all lines add up to the total amount ('Credit' and 'Debit'), so there is no 'Unallocated Amount'. If there is an unallocated amount, this will need to be allocated before posting the transaction. Once the transaction is complete, click on 'Post'. The transaction has successfully been posted.


[02:06] When an investment transaction is posted the ledger is recalculated automatically. However, if you need to manually recalculate the ledger, you can do this from within the Investment tab. Select 'Actions', on your investment detail line, followed by 'View Ledger Details'.  On the 'Transaction' tab, there is a 'Ledger Recalculation' button.

 

This tutorial is confirmed to be applicable from WealthWorks+ release 4.17