Getting started with SPFR

1. Make sure to set up "Relationship" first. Learn more


2. SPFR is dependent on how you have classified your financials. Make sure that classification of your accounts mapped accordingly. Learn more


3. In "Members Profit Distribution Summary", select the "Opening balance/s" for the beneficiaries through the dropdown arrow.


Once you have selected from the dropdown option, figures will automatically show.

Note: if dropdown option is not showing the correct accounts, best to check on how you have classified your financials via "Settings" > "Chart of Accounts" tab and map it accordingly.


Related article:

How to distribute "Members Profit Distribution Summary" in Superannuation Fund (SMSF) SPFR