For those Users who are new to, or who don’t have a lot of experience with the IPS (portfolio) module, you may not be aware that you can manually create portfolio accounts.

The ability to create portfolio accounts can be useful for those investments that do not have datafeeds available, and for those users who just prefer to manually enter their client portfolio data.

To create a portfolio account, select the client you wish to create the account for, then select Portfolio > Admin > Cash & Accounts.

You will see in the image below, there are five accounts in this clients’ portfolio.

To create a new account, select Add Portfolio Account. You will be taken to the Basic Details screen to enter the account details.

You will then be required to enter the Portfolio Account details.

Fields that should be completed at a minimum, include:

Account: Enter the Account details. E.g. Account Number, name or another meaningful descriptor.

Tip: This is the name of the Portfolio Account that appears in the Portfolio position screen (see image below)

Account Name: Enter the Account Name. E.g. Provider or other meaningful name e.g. Joe’s Suncorp Super Fund.

Include in Corporate Actions: This will determine whether you can execute corporate actions for this account.

Note: The default setting is that corporate actions will will be denied i.e. cannot be executed for the account.

It can also be helpful to other users to select an Account Type and Status.

Account Type

Status

In addition to the Basic Details tab, there are also several other useful tabs that you may wish to review e.g. Bank Details – which allows you to enter the account Bank Account Details for an account e.g. BSB & Account Number.

Select OK.

Your new account should now be created.

Any questions regarding the creation of Portfolio Accounts or your Xplan customisation requirements please contact us at Specialist PMC.  We would love to assist you with any of your Xplan requirements please click here: This email address is being protected from spambots. You need JavaScript enabled to view it.