Investment value in Statement of Financial Position

Simple Fund 360
#1

Hi

I am getting cost value of investment in the Statement of Financial Position. Is it an issue with set up? How can i get market value of investment in the Statement of Financial Position. My entries are correct as investment report shows correct amount of cost price and market price of investments. Thanks

#2

Hey @Nodan,

It seems like the revaluations haven’t happened.

Try reversing and recreating entries and see how that goes.

#3

Thanks Steve

I tried to reverse and recreate entries but the value didn’t change.

Actually i am trying to get my opening balance for 2017-18 right. In respect of Investment, my opening statement of financial position 2017-18 does not tally with closing statement of financial position 2016-17 as 2016-17 closing investment balance is valued at market value where as value i am getting in 2017-18 opening statement of financial statement is CGT cost price. I think i have recorded investment history correctly as previous year’s closing and current year’s opening investment report reconciles.

System start date is 01/07/2017 and i have recorded all opening balances manually dated on 01/07/2017.

Please advice how i can fix it or is it meant to be that way?

Many thanks in advance
Nodan

#4

Hi @Nodan,

I’ll get one of our support consultants to get in touch with you, sounds like something may have been lost when entering opening balances.

Cheers

#5

Hi Nodan,
I have a similar problem to yours. Has the problem been fixed