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kb33087's avatar
kb33087
Experienced Partner
2 years ago

Benefits Transferred in on SMSF show as Unallocated Income in Statement of Financial Position

Hi  Has anyone got a solution to this issue. This is the SMSF first year of operation. The unallocation of the benefit transferred in also affects my Balance Sheet.   Thanks in advance for any ass...
Genreve_S's avatar
Genreve_S
MYOB Moderator
2 years ago

Hi kb33087 

Thanks for posting. 

Generally speaking, SMSF is a liability. If it is allocated incorrectly this might be the cause of the imbalance on your balance sheet. 

 

Please send me a private message containing screenshots of the said transaction and also some reports that show incorrect figures.

 

Best regards 

Genreve.

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