What are the Global settings and report preferences?

'Global settings' contains preferred report settings for all reports. Once preferences in 'Global settings' have been saved they can be used to generate any report without the need to re-enter. Should any of the settings of a selected report need to be changed on an ad hoc basis, this can be achieved by changing the settings in the right-side information panel of that report prior to generating. Note that such ad hoc changes in the right-side panel are not saved and your Global settings will remain as they were. It is important for you to familiarise yourself with the different report settings available.     

Common settings - Applied to multiple reports 

Name	Description
Report format	This is your preferred report format - PDF or CSV. If your preferred format is not available for a particular report, it will only be generated in the available format.
Consolidate accounts	By selecting 'Yes' a single consolidated report will be generated when multiple accounts are selected. By selecting 'No', separate reports will be generated for each selected account. This option is only relevant to some reports when more than one account has been selected.
Performance calculation method	Select either ‘Time weighted return’ or ‘Internal rate of return’. View our FAQ for more information about these two options.
Asset holding options	For those with non-custodial and/or adviser managed assets held in a Wealth Accelerator investment account, you have the choice to select 'All assets' or 'Custodial assets only'. This option is only relevant to some reports.
Report accounting method	Select how income is reported using either of these two accounting methods: Income receivable basis: Recognises income earned on 30th June as an accrual, whilst all other income (including dividend income) is captured on a cash receipt basis. Cash receipt basis: Recognises income when it is received, regardless of when it was earned.
Type of gross return to include	Reports produce net portfolio returns by default. A gross portfolio return can also be included, calculated before administration costs and/or advice fees as selected.
Type of advice fees	Upon selecting report returns that are gross of advice fees, any or all of the three types of fees can be selected.
Type of asset allocation	Select how your asset allocation is shown using either of these options: Actual: 'Actual' asset allocations are based on the single asset class assigned to each asset as determined by Netwealth, with the full allocation for multi-sector assets captured in the Multi-sector asset class. Underlying (look-through): 'Underlying' asset allocations for managed funds are based on a look-through to the asset classes of their underlying holdings.
Benchmarks	You can choose to include up to two benchmarks, selecting from Morningstar Target Allocation NR AUD Market indices, ABS Australian CPI AUD or RBA Cash Rate. You can also create a custom objective by adding a fixed % rate of return above either the CPI or RBA cash rate (e.g. a portfolio may be benchmarked against RBA cash rate + 4% p.a.).

Report specific settings - Applied to selected reports 

Report	Preferences
Asset Performance - Detail	Indicative model performance: Exclude or include the Indicative Model Performance report. This option is only relevant if the account holds Managed Account assets. Fees, costs & rebates section: Exclude or include fees, costs & rebates. Managed Account options: This option enables users to run the report for the total portfolio or just for the subset of the portfolio that is held in Managed Account(s). Note that the 'MA only' report is available on a TWR basis only. Asset options: Select ‘All assets held’ or ‘Currently held assets only’ to show or exclude sold assets.
Asset Performance - Multi period	Asset options: Choose between all assets held and currently held assets only. Time periods to include: Time periods available include 1 month, 3 months, 6 months, 1 year, 2 years, 3 years, 5 years, 7 years, 10 years and since inception.
My Statement	Extra reports to include: Choose to include the Transaction Listing and/or the Client Details report. If multiple accounts are selected, these extra reports will not be captured in the consolidated output.
Portfolio Valuation	Cost & movement data: Exclude or include cost & movement data.
Portfolio Valuation - Detail only	Display options for Managed Account assets: Select to ‘Show actual values by asset class’ or ‘Show target values by model’. This option is only relevant if the account holds Managed Account assets. Cost & movement data: Exclude or include cost & movement data.
Return Contribution	Sort: Choose whether to sort assets by rank or by asset class. Chart option: Choose whether to display the chart by asset class or by asset name.
Return Contribution - Summary only	Chart option: Chose whether to display the chart by asset class or by asset name.
Return Contribution - Detail only	Sort: Choose whether to sort assets by rank or by asset class.
Transaction Listing - Detail only	Cash transaction listing options: This option is only relevant if the account holds Managed Account assets. Select 'Integrated' Listing to show all cash transactions in your Managed Account. The other listings either exclude the impact of Managed Account transactions or capture Managed Account transactions only.