From the enVisual Toolbar select the Funds Transactions Option
This will display the Funds Transactions grid as shown below. The grid will display all fund transactions that have not been posted into the system.
To add a new fund transaction click on the + button highlighted. This will display the Fund Transactions form below:-
Now select the Fund, Series and holder for this transaction. You can use the find button to find a fund or holder when there are a large number of entities. You can also use the hyper link Holder to add a new holder to the fund. The ID field is for your own internal reference.
Select either Subscription, Redemption or Transfer for the transaction type.
The transaction date and settlement date will automatically default to the day you are processing the transaction, but you can change this to a future or past date.
If the fund is using enAccount as it’s accounting engine the default accounts for the debit and credit posting will automatically be selected. To change these defaults please refer to enAccount help.
There is a small notes field to allow free form notes regarding the transaction.
If the director’s approval box is checked, the transaction will not be allowed to be posted without a director’s approval.
The document field allows you to link a document such as a contract note or instruction to the transaction. These documents must be published in LiveFile.
The amount details section of this screen stores the values relating to this transaction.
The unit filed allows the user to enter the number of units subscribed to. This will default to the minimum allowed by the fund as configured in the fund rules.
The NAV Filed will automatically populate to the nearest NAV value prior to the transaction date NAV values are entered
The Value filed will calculate the value based on the units times the NAV value.
The amount paid will also calculate based on the units times the NAV value. However you can change this if you wish.
The total paid represents the units subscribed to times the amount paid. This is the amount that will be posted to any attached ledgers.