Working with PortfolioCenter Transactions

Entering complete and accurate transaction data into PortfolioCenter is vital to having accurate reports and billing statements. While most transactions may come from Direct Interfaces and Data Aggregators, there may be times when you need to review, edit, or even enter transactions manually. This section offers documents that guide you through entering, editing, and managing transactions once they are in the database.

Whether the transactions were entered through a Direct Interface/Data Aggregator or manually entered, understanding the Transactions Grid is the first step to making data entry and management efficient and reliable.

The Transaction Writer is a powerful data entry tool. Use the wizard to create transactions to better handle moving assets and corporate actions. See the section below for more information on wizards available and what they do.

Occasionally, you will need to adjust cost basis to reconcile with a custodian or for certain events in your clients' lives. Use the documents in this section for tips and techniques on transaction data entry to handle these situations. You can also find cost basis legislation updates, webcasts and other helpful documents on our cost basis legislation resources page.

Getting Started with the Cost Basis Reconciliation

SPT provides a cost basis reconciliation report to compare cost basis in PortfolioCenter with that of custodians that provide the data in their file downloads. To make it easy for you to follow the steps required to get started with cost basis reconciliation, the documents in this section have been placed in the order you should use them. For additional news and resources for ongoing cost basis requirements, visit our cost basis legislation section.

  1. Determine the taxable accounts to narrow your scope.
  2. Verify the default matching methods used in each account in PortfolioCenter matches the account setting at the custodians.
  3. If you have not already done so, upgrade to the most recent version of PortfolioCenter to get the latest enhancements.
  4. Run the cost basis reconciliation report to determine the securities with cost basis discrepancies.
  5. If the cost basis information from the custodian is incorrect, work with the custodian to update cost basis. In most cases, only cost basis for uncovered securities or newly transferred accounts can be updated at the custodian. For instructions on how to export cost basis data to custodians, contact the custodian directly.
  6. Review the common reasons that cost basis can become unreconciled to begin identifying why cost basis discrepancies appear on your report. For help with possible issues, see the section below on Troubleshooting Cost Basis in PortfolioCenter.
  7. Incorporate the cost basis reconciliation process into your daily operations.
  8. Determine how your firm will use cost basis and refine your reconciliation approach.

Understanding Cost Basis in PortfolioCenter

Troubleshooting Cost Basis in PortfolioCenter

Adjusting Cost Basis

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