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Partial withdrawal
We had a member do a partial withdrawal in the amount of
$40,000 in Dec 2023. I believe I entered the withdrawal as
instructed on the tutorial. In Accounting>Reports>Member
Contributions and Withdrawals, it now shows his contribution
in Q4 as -$40,000. It appears that it has subtracted this
amount from his total contributions to the club. When
looking at Accounting>Reports>Member Status prior to his
withdrawal, his total contributions to the club were $18050
with a tax basis of $22,259. After executing the withdrawal,
it shows his "total amount paid" as -$21,950 and his tax
basis as zero.

This is clearly wrong, isn't it? If yes, is someone able to
guide me on how to correct it. Is it fine to delete the
existing withdrawal transaction and start over?

Any help would be much appreciated!
Sounds like a job for the folks at Support@Bivio.com


On Sunday, February 25, 2024 at 06:58:09 PM CST, David Karbulka via bivio.com <user*26468500001@bivio.com> wrote:


We had a member do a partial withdrawal in the amount of
$40,000 in Dec 2023. I believe I entered the withdrawal as
instructed on the tutorial. In Accounting>Reports>Member
Contributions and Withdrawals, it now shows his contribution
in Q4 as -$40,000. It appears that it has subtracted this
amount from his total contributions to the club. When
looking at Accounting>Reports>Member Status prior to his
withdrawal, his total contributions to the club were $18050
with a tax basis of $22,259. After executing the withdrawal,
it shows his "total amount paid" as -$21,950 and his tax
basis as zero.

This is clearly wrong, isn't it? If yes, is someone able to
guide me on how to correct it. Is it fine to delete the
existing withdrawal transaction and start over?

Any help would be much appreciated!