Importing Transactions
Last update:CCH Trust Accounts
Several transactions on the same date
This document outlines the processing and reordering of transactions for Capital Gains Tax (CGT) when multiple transactions occur on the same date. It explains procedures for clients with and without a nominal ledger to correct transaction order. An exception exists for transactions governed by A2, A3, or A4 rules, which are processed at the start of the day. Additionally, it addresses issues that arise during demergers, specifically with cash fractions, and provides solutions to avoid errors in the CGT report.
CCH Trust Accounts
Importing transactions using the Transaction Import product option
The document outlines the Transaction Import product option for CCH Trust Accounts, which enables users to import transactions directly from a CSV file, enhancing efficiency compared to manual data entry. This feature supports the import of Bank, Journal, Security, and Property transactions and can be used during initial data transfers or for ongoing imports from other systems. It also mentions a "Special Program" for importing standing data, highlighting the need for caution due to limited validation checks. Users are encouraged to refer to the Transaction Import section for more details.
CCH Trust Accounts
Import Transactions from a Broker
This document outlines the process of importing transactions from brokers into CCH Trust Accounts. It emphasizes that this import is beneficial mainly for users with over 200 transactions monthly. Users are advised to request data from brokers in specific formats, but brokers often provide data that requires conversion. CCH offers assistance with this process, including the potential creation of conversion programs, possibly at a charge. For manual extraction, a new macro-enabled spreadsheet simplifies the creation of import files. Users interested in these features are encouraged to contact CCH for support.
CCH Trust Accounts
CCH Trust Accounts Transaction Import – Special Program setup
The document outlines the functionalities of the CCH Trust Accounts Transaction Importer, a licensed program enabling the importation of various data types into CCH Trust Accounts, including master tables such as nominals, securities, and client information. It highlights the integration of a macro-enabled spreadsheet for consistent file structuring. Notably, there is no delete option for incorrectly imported data, necessitating careful checks prior to bulk imports. Additional data types like security prices and exchange rates can also be imported, with specific instructions for setting up the special program in CCH Trust Accounts.
CCH Trust Accounts
1982 Pool Transactions
The document outlines two methods for handling 1982 Pool Transactions: individual transactions and a single indexed pool transaction (P82). Individual transactions require completing the full history with 1982 Market Value, while P82 transactions pool all values with specific movement codes. It highlights the limitations of both methods, especially regarding the correct capital gains tax (CGT) calculations when shares are sold. Users are advised to enter individual transactions or use the A1 rule for better accuracy when necessary, with caution needed for scenarios involving losses or complex capital events.