How do I write off an Investment Fund investment?

To record a write off of an investment fund in Seraf, follow these instructions:

  • Add a transaction for a Distribution of Cash.
  • Select the Account the transaction is associated with, using the drop-down list, when relevant. If Enterprise, select the investor for whom the transaction is, and select an investment account, when relevant.  
  • Select the Fund from the drop-down list.
  • Select Distribution of Cash as the Transaction Type from the drop-down list. 
  • Enter the Date of the write off.
  • Enter 0.0 for the Amount Distributed
  • Check the Exit Transaction box.
  • Enter a Memo with any important notes.
  • Save your entry.

Once completed, the fund should appear in the Exits & Returns section of your portfolio under the tab for Fund Distributions.

Enterprise accounts will need to Update Calculations in order to see the updated records after an exit.

Have more questions? Submit a request


Powered by Zendesk