GIC as Value-Based Assets

What's New

GICs added to the inventory are now treated as value-based assets. Users no longer need to enter a quantity, only the dollar amount invested is required.

This applies to GICs entered both at the asset level and as a holding (where class = Fixed-Income and sub-class = GIC), across Estate, Trust, and POA cases.

Logging Transactions at Maturity or Partial Liquidation

When recording a transaction against a new GIC, users can now select "Include Interest Payment" to capture interest earned. When selected, the system will automatically generate two separate transactions:

1. Redeemed Amount - the return of the principal invested
2. Interest Payment - the interest earned on the GIC

Reporting

Accounting reports have been updated to group both past and new GIC types together where applicable to the report schedule, ensuring consistent reporting output across all cases.

Important: Backward Compatibility

This new flow applies only to GICs created after this release. GICs created prior to this release will remain as quantity-based assets and will continue to be fully supported. Going forward, all newly created GICs will follow the new value-based flow.

For any questions or concerns, please contact support@estateably.com.