CGM1's avatar
CGM1
Member
1 year ago
Status:
Closed

Fixed dollar allocation of trust income to beneficiaries


The distribution of trust income to beneficiaries can only currently be entered in MYOB Business as a percentage of the total which makes it difficult to show a fixed dollar amount in the beneficiary's loan account in accordance with the trustee year end income resolution. 

 

Could a second option to enable the allocation of a fixed dollar amount of income be added to the Settings/Income allocation window?  

3 Comments

  • AmandaMYOB's avatar
    AmandaMYOB
    MYOB Moderator
    1 year ago
    Status changed:
    New
    to
    Open

    Hey CGM1

    Thanks for your idea! We'll be sharing this one with our product teams and have updated the status to open for other members of our community to vote and add weight to your idea.

  • Status changed:
    Open
    to
    On Hold

    This is being updated due to low engagement (comments & votes) from the community in the last 6 months. Please be advised that the idea has still been added to our developer backlog, but it will have less traction getting prioritised without more votes. A further review will happen in another 6 months where we will either close or re-open this idea based on the number of votes accumulated in that time.

  • AmandaMYOB's avatar
    AmandaMYOB
    MYOB Moderator
    27 days ago
    Status changed:
    On Hold
    to
    Closed

    We've closed this idea for now due to minimal votes accumulated over the last six months.