FAQ - Frequently Asked Questions

  • I have received a dividend in the bank – how do I record this?
  • My dividends are reinvested in shares – how do I record this?
  • My SF owns property – how do I record this?
  • My accountant wants me to send him reports. How do I send my accountant reports?
  • Which report shows the income received from a share holding?
  • Which report shows all the shares held?
  • Which reports shows changes in share holdings over a period?
  • How do I input franking credits into the system?
  • Where do I record the sale of shares?
  • How do I record share buybacks?
  • How do I record change of shares due to a takeover offer?
  • How do I change an account name?
  • How do I go back to the previous screen when recording transactions?
  • How do I check the transaction has been recorded?
  • How do I look at a past transaction?
  • Why do I have to use the calendar to choose the date? Why can I not type the date into the system -ie. 1/1/12?
  • How do I look at the history of a single share holding?
  • Can I allocate a bank account as my default bank account?
  • How do I print my reports?
  • How do I change an entry when I have made an error?
  • What do I do when there is a capital return?
  • How do I get the 30th June market value of the investments?

Self Managed Super Fund

self managed super fund A self-managed super fund may seem hard to maintain if you do not have the right knowledge on accounting. DIY Super Managers provides an online application to allow all people to not only manage but also understand their super funds. If you are interested in self-managing your superfunds, sign up for an account in our website.  

Self-managed superannuation funds are a preferred vehicle for raising funds for retirement because of the lower taxes, great contributions, and long-term investment earnings. You have the power to control your own super and decide on which investments to make, too. Just keep in mind that a self managed super fund involves fees—including administrative fees, adviser fees, and investment management fees. Taxes and insurance premiums may be charged, too.
 
To improve the performance of your SMSF, you need to calculate the amount of dues that you pay in fees. Super fund fees may affect the overall size of your retirement benefit, so be sure to check the types of fees that are involved in your SMSF charges. If your super is charging more than a percentage of your account balance in overall fees, then it is generally perceived to be expensive. In over a 30-year period, if your super charges two-percent more in fees, your retirement benefit will be reduced by 20-percent.
 
Run your self managed super fund wisely using a web-based application like DIY Super Online. This app is designed for SMSF managers and trustees who would like an easier and better way to control their accounting records and investments. DIY Super Online has a feature-rich and easy to use interface, so you can easily manage your own reporting, investments, and taxation.
 

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