How do I set up investments other than shares in Home & Business?

Steve Brady

I passively invest in projects like land development, so I make capital payments into them and I receive interest, distributions, capital returns, sometimes rebates back from them. What is the best way to set this up in Home & Business?

Alexis McKeown

Dear @Steve Brady ,

Depending on if it's a Brokerage or Term Deposit, you can set this up under the as an Investment Account if you want to put it under a specific financial institution and if it's a tax-deferred record.

Alternatively, if this is for business purposes and it will be kept similarly to a House, you could use the Business → House or Business → Asset account setup to have there be a purchase price and estimated value.

You may want to reach out to @GerryWinter as he would be the expert about the specific setups. 🙂

Kind regards,

Alexis McKeown

Reckon Senior Technical Support

Steve Brady

Hi Alexis, thx for the ultra quick response! These investments are not of the kind you note, they are providing funding to developers who may, for instance, build a block of apartments and want funding to do that. They then pay interest over the period of the development on that funding (ie capital investment) and may also pay a share of their profit back to those backers on completion (a distribution). They may also have other transactions along the way such as admin fees a backer may be charged, capital returns on completion, etc. So how would I set H&B up? - for instance, what is the entry for making my initial capital investment payment to the developer?

Alexis McKeown

Dear @Steve Brady ,

I'm not too familiar with that particular setup in Reckon Personal Plus/H&B, and as such, I can't really think of anything that would give you the exact functions you're looking for.

As I'm not wanting to lead you astray with guesses or near-similarities, you may want to reach out to one of our Professional or Accredited Partners that have more experience with the intricacies of the software, such as @GerryWinter, or searching for one nearby via our Partner Search website: https://partnersearch.reckon.com/ .

Apologies as this does seem a bit outside normal operations for Personal/H&B - it is a very unique form of setup that I have not yet encountered on the Personal Range.

Kind regards,

Alexis McKeown