Setting up a Superfund with a member that has an existing Pension and Accumulation account

Setting up a Superfund with a member that has an existing Pension and Accumulation account

To set up a Superfund with a member that has an existing Pension and Accumulation account can be done as follows:

First, set up the Accumulation account:

1. From the Funds menu, click Funds Set up.
2. In the "Fund Opening Set Up" window, click Opening Balances to enter the opening balances in the member's Accumulation account.

Then set up the Pension account:

From the Funds menu, click Funds Set up.

In the "Fund Opening Set Up" window, click Pension to enter the opening balances in the pension mode.

Notes:

• The accumulation mode and pension mode each have a separate sub account, in HandiLedger.
• Where there is only a pension account, remember to still complete the member allocation percentage manually as there is no opening balances to base the split on.  

Program and version

SuperFund., all versions