Advisely BoardAMA: We’re Dela Dzadey and Lana Graham, paraplanning and Xtools experts, Ask Us Anything!
lana.graham, we have been experiencing issues with funds allocating to the working cash account (WCA) automatically and there is no way we can delete this rather than a workaround provided by Xtools to Enter a negative WCA balance and a Post tax income to offset the overallocation and balance the cashflow which is just not ideal. I have spoken to two of your team members and they have provided a workaround to allocate funds to a cash account, which works but just not what we would want as it just adds to our work. Will this issue be fixed anytime soon as it is affecting our work significantly?
Iress ContributorHi Samyukta,
It sounds like you're referring to the auto allocation functionality. We extended it to work with Account Based Pension commencement and Downsizer contributions from the Accumulation account, in Xplan-24-4-321 (click the link to go to Iress Community and see the release notes). Its purpose is to ensure cashflows balance at commencement of these strategies, so earnings and Social Security calculations are based on the correct opening balances.
We made some tweaks in Xplan-24-5-325, so provided you’ve balanced the cashflows at start of period, there should be no auto allocation. Click the release note link in this sentence if you want to see which transactions are now considered in the auto allocation.
Just in case you still have an imbalance, we'll be releasing an off switch soon - preview below.
