How to track super balance over time w/ Accounts Personal
John K
Member Posts: 2 Reckoner
In ReckonAccounts Personal Plus 2013, what is the best account setup and method to track a superannuation balance over time? I've attempted to create a Superannuation account under Investing (Investing: Retirement), however all of the transactions relate to stock ownership - buying, selling shares, investing dividends etc. There doesn't seem to be a simple method of updating the account balance periodically. Thanks
1
Comments
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Hey John,
Welcome to the Reckon Community.
If you are ONLY looking to track your Super by updating balances as they are provided to you, there is 2 ways to go about it.
1. Create a Property Account, and as you receive statements/Super Summaries, update the balances accordingly.
or 2. Create a Bank Account and do the same.
The Investment Centre even with Super Accounts focuses on the share/fund unit prices and tracks the balances accordingly.
If you are merely looking for a simple balance tracking Account the options above would be best.
Thanks,
Mirko
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Thanks Mirko - I suspected that might be the case.
As a possible enhancement to 'Property/Debt' style accounts, can I suggest incorporating a method of purely updating an account balance periodically - and have Reckon calculate the increase/decrease? Currently I have to calculate (by hand) the increase/decrease amount from my superannuation statement to update the balance accordingly.
Thanks
John.0 -
Thanks John,
Will pass up your idea to our Developers.
regards,
John0 -
I created an investment account and simply update the overall balance from the super statement. I would have liked to split the balance by the individual investment options and track the performance of each, but this doesn't appear possible/obvious for a super fund that uses daily credit ratings.
0
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