Introduction

This page provides a step-by-step guide on how to adjust a foreign bank account’s book cost and foreign currency balance, once the fund has been initially transitioned onto Class.

Prerequisites

The foreign bank account should be set-up in Class as a foreign bank account. You can refer to the New bank account - foreign page for further information for setting up foreign bank accounts or changing pre-existing bank accounts to foreign.

Screen navigation

Go to Fund > Load Opening Balances from the list of menus at the top of the screen.

Steps for adjusting the opening balance of a foreign bank account

1. On the Holdings tab in Fund Opening Position screen click Edit Parcel History on the foreign bank account that you need to adjust the balance for as shown below:
   
   

2.  Foreign Cash account you wish to adjust and click the Edit Parcel History button, as shown in the screenshot below:
   
   
   

3. Enter information in the Parcels fields based on the foreign cash account details:

   Field Name	Field Description	Example
   Date	Date the foreign cash was acquired	31/12/2014
   Quantity	The cash amount acquired in foreign currency amounts	$50,000 USD
   Book Cost	The foreign currency acquired translated into AUD amounts per the rate on the date of acquisition	$58,747.50 AUD
   Description	Cash description	Acquisition

    

   
   Click Save to save parcel details entered.

   The following is a screenshot showing the updated foreign cash opening balance based on the example information: