I have tried setting up a liability account (as has been suggested previously) and making a balance adjustment against the Managed Fund account, but it doesn't change the cash balance.
First I tried every category without a transfer account. It generated the error: "Transfer account required for Managed Fund" every time.
I then used the Managed Fund account as the transfer account. It accepted the transaction, but did not change the fund cash balance. It did generate a transaction against _IntInc, but appears to have done nothing else. It did not change the total Managed Fund account balance, nor its cash balance.
Any suggestions would be appreciated!
I changed the Investment account from Single Managed Fund:Yes to Single Managed Fund:No.
The transaction entry is identical except for having to enter a Security (whereas before it defaulted to the single Security). Now however the "Transfer account required for Managed Fund" error does not occur, and the cash balance updates!
Possibly another bug with a Single Managed Fund? Anyway, looking a bit more hopeful now. Thanks!
I would not call this a bug. It is more related to Reckon assuming the type of account or product selected can not receive a cash distribution.
Before reading this thread, I was not aware that so many different types of investment products were provided in Reckon. After reading, I wonder how useful they are, as a more general investment account can probably support most securities. It is not unusual for providers of these specialist funds to change the rules !
I have an aversion to securities that provide unusual or capital or non-taxable returns, as when it is time to sell, it is a nightmare to resolve the capital base for capital gains calculations, assuming you did make a profit. The extra fees the tax accountant will charge probably erodes any capital gains that occurred !