Hi all,

The recording about how to audit your investment club records is now posted.

You can find it and a link to the audit form here:

https://www.bivio.com/site-help/bp/Audit_Presentation_Help

We strongly recommend that you do an audit so that your investment club accounting will be in shape to prepare your investment club taxes when the program is available in mid to late February.

If you have any questions about what you find. We're always ready and eager to help you figure them out at support@bivio.com!

Hi Frank,

I do not see any particular issues with accounting or tax reporting for this fund. Like all such investments, you may find out at the end of the year that you have to re-characterize "dividends" you've received during the year.

This will give your treasurer a little extra work.

In addition, we'd recommend that to keep things simple, you make sure your broker has chosen FIFO as your default cost basis method for this investment. Many are allowed and are using Average cost for the default cost basis method starting this year. This may create problems with keeping your bivio records in agreement. For shares purchased starting in 2012, you can change this any time prior to a sale of shares.

We say it can take 4 weeks to process a check as an outside limit because we have had issues with mail being delivered in a timely manner. I don't think it usually takes that long.

If you are worried about timing, we'd recommend that you have someone in your club pay the amount needed with a personal credit card. Then use your club check to reimburse them or reimburse them with units in your club.

Here is a writeup of how to do that:

https://www.bivio.com/site-help/bp/Out_Of_Pocket_Expenses_Help

Hope that helps. Let me know if you have any further questions.