To enter Opening Balances for an existing Fund, you will need to have on hand:
•Copy of Financials of the Fund as at 30 June [prior year]
•Copies of Member Statements detailing components as at 1st July in the migration year.
•Copy of Income Tax Return for the Fund [prior year]
•If you wish to record Income and Expenses for the year prior to Migration (for comparison purposes), your Trial Balance or General Ledger report for that year
•Historical summary of investments, including:
oNo. units held
oPurchase cost
oBank reconciliation as at 30 June [prior year]
oEarlier Years Trade Debtors/Creditors Break Down.
oListing of Receivables with quantity of DRPs issued in the next year.
oTax Payable Reconciliation as at 30th June [prior year].
