The company said its portfolio is currently equally allocated between commercial and self storage.Ībacus’ proforma $2.6 billion commercial portfolio comprises a $2 billion office portfolio with 18 assets, and a $0.5 billion retail portfolio comprising two non-discretionary, grocery-anchored shopping centres and two further sites underpinned by mixed use fundamentals. The acquisitions and joint ventures were funded with a combination of debt, proceeds from the divestment of $452 million of non-core assets, and repatriations from legacy residential business, and the $200 million equity raising undertaken in March this year.Īcross FY22, Abacus’ investments included the acquisition of 31 self storage stores and development sites for $526 million, 100% interest in 77 Castlereagh Street, Sydney, NSW for $252 million, a one-third interest in Myer Bourke Street, Melbourne, Victoria, for $135.2 million, and the remaining 50% interest in 324 Queen Street in Brisbane, Queensland, for $93.8 million.ĪBP also exited its remaining residential loan positions and in July 2021, settled on a development JV with Walker Corporation at 710 Collins Street, Melbourne, where Walker acquired a 50% interest for $56 million.
Review the Progress section to view approval and payment status.Abacus has invested over $1.2 billion of capital (during FY22 and includes some post balance date transactions) into commercial and self storage. Review Expense StatusĪfter sending an expense for approval, you can keep track of where it is in workflow in the Expenses tab. Please note: You may also use the mobile app exclusively to submit these expenses for approval. Step 3: Complete all applicable expense details and attach a receipt if Abacus has not matched it already. Step 2: Review your Unsubmitted Expenses that have imported in from your credit card, and select the correct one to send for approval. Step 1: Click Submit Corporate Card Expense. However, you will still need to report and send your expenses for approval. If you are a corporate cardholder, you will likely not require reimbursement for expenses as your company ultimately pays the credit card company.
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Step 2: Enter in all applicable details set by your organization the amount of the expense, the category to code it to, and any notes for extra information. Examples can be a simple lunch or dinner out with a client, mileage traveling between client sites or store locations, or new software/supplies for new work projects. Reimbursable expenses are those that you need to be reimbursed for after they are approved.
If you have an Emburse card, the steps are similar. Step 3: Select your Start Date of when transactions should be begin importing (this can also be a past date), and click Add Card. Step 2: Search and select your bank/card issuer from the list and enter your bank login credentials to connect. Step 1: Click Add Personal Card in the Cards tab. Abacus will match your submitted receipts and their associated transactions together. Other options to send receipts in are via e-mail and uploading.Ĭonnect Your Personal Card to Import TransactionsĬonnect your personal card if you will need to submit those transactions for approval. Step 4: Sync the new photo of your receipt to your Abacus account by swiping down on the home screen. Step 3: Tap the blue Camera button and take a photo of your receipt. Step 2: Login to the app with your Abacus username and password. Step 1: Download the Abacus Mobile app on your smartphone.
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Download and Capture Receipts using the Abacus Mobile App Follow the steps in your Bank Account tab. If you will be submitting expenses to eventually be reimbursed for, you will need to connect your bank account to receive direct deposit reimbursement.
Connect Your Bank Account for Reimbursement Is it your first time using Abacus or maybe you need a refresher? This article will lead you through Abacus best practices from logging in to submitting your first few expenses for approval.
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