The gross asset realisations figure reports any receipts and payments recorded against an asset realisation.
Does it include GST?
No, the tax amount is not included in the total realisation figure.
To review the underling transactions
1. Click on the Ellipsis button
The Receipts and Payments Abstract report displays.
The realised assets appears under Asset Realisations
Can I manually override this figure or enter in a figure if the field is blank?
Yes, you may type in a figure here.
You may do so if all the asset realisation transactions have not been recorded properly, or, you have transactions that did not appear on your receipts and payments account and you still want to record a more accurate figure.
Did you assign any claims to a third party? What does this mean?
Did you have an arrangement where assets of the company have been disposed of by you for consideration other than for cash or of any benefit that you have received directly or indirectly resulting from this appointment.
If so you would tick the box and enter the value in $