Can I assign one check to multiple members in bivio?
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Can I assign one check to multiple members in bivio? We have a member who submitted an amount more than stipulated and would instead like to assign the additional amount to family member(s). Is this possible in Bivio? Thank you I have written one check to cover my grandson and me every month for about 15 years. Another member sends one check to cover herself and her two nephews. You can bookkeep the deposit however ever you choose. On Jun 16, 2026, at 5:18â¯AM, Ashwini Aragam via bivio.com <user*42222700001@bivio.com> wrote: We have a member who submitted an amount more than stipulated and would instead like to assign the additional amount to family member(s). Is this possible in Bivio? Thank you Hi Ashwini, Yes. If the payment was imported by AccountSync, select the "multiple payment" option when identifying the credit for the transaction, then assign the amounts to each member in the list as needed. Otherwise, the payments can be entered manually by going to Accounting > Members > Payments. See https://www.bivio.com/site-help/bp/Member_Payments_Help for more information. Justin bivio Support Great question! I have a different type of question. Our club, 34 years old, has over half our members well over 80 years old. They obviously own the most stock, but no one person owns more than 20%. Has anyone put a policy in place to protect those members who are younger from having the entire portfolio reduced in a short period of time? Sent from my iPhone > On Jun 16, 2026, at 2:37â¯PM, bivio Customer Support <support@bivio.com> wrote: > > Hi Ashwini, > > Yes. If the payment was imported by AccountSync, select the > "multiple payment" option when identifying the credit for > the transaction, then assign the amounts to each member in > the list as needed. Otherwise, the payments can be entered > manually by going to Accounting > Members > Payments. See > https://www.bivio.com/site-help/bp/Member_Payments_Help for > more information. > > Justin > bivio Support It might be doable in bivio, but is it acceptable in your club agreements? It would not be acceptable in our club. Members have a choice to invest $100 or $200 each month prior to the meeting. There are no other options. Sherrie Simmonds, Treasurer FYI Club, Anchorage, Alaska On Jun 16, 2026, at 4:32â¯AM, Joe Farrell via bivio.com <user*14102900001@bivio.com> wrote: I have written one check to cover my grandson and me every month for about 15 years. Another member sends one check to cover herself and her two nephews. You can bookkeep the deposit however ever you choose. On Jun 16, 2026, at 5:18â¯AM, Ashwini Aragam via bivio.com <user*42222700001@bivio.com> wrote: We have a member who submitted an amount more than stipulated and would instead like to assign the additional amount to family member(s). Is this possible in Bivio? Thank you We had a max stipulated per member, but in the particular case, the member wrote a bigger check. We can always return the excess however, the member has two of his children in the club and was wondering if that one checkâs excess amount could be spread across the two. Looks like this is possible from Justinâs and otherâs input. Thank you all. > On Jun 16, 2026, at 5:02â¯PM, Sherrie Simmonds via bivio.com <user*32366000001@bivio.com> wrote: > > It might be doable in bivio, but is it acceptable in your club agreements? It would not be acceptable in our club. Members have a choice to invest $100 or $200 each month prior to the meeting. There are no other options. > > Sherrie Simmonds, Treasurer > FYI Club, Anchorage, Alaska > > On Jun 16, 2026, at 4:32â¯AM, Joe Farrell via bivio.com <user*14102900001@bivio.com> wrote: > > I have written one check to cover my grandson and me every month for about 15 years. Another member sends one check to cover herself and her two nephews. You can bookkeep the deposit however ever you choose. > > > > On Jun 16, 2026, at 5:18â¯AM, Ashwini Aragam via bivio.com <user*42222700001@bivio.com> wrote: > > We have a member who submitted an amount more than stipulated and would instead like to assign the additional amount to family member(s). Is this possible in Bivio? Thank you > > It's unfortunate that two separate topics got tangled together in this thread. This response is to Susan's question. There's no easy fix for your situation unless you're willing to suggest that older members start withdrawing gradually or pause their contributions. Those conversations can be awkward, though, and may not be well received. Another option would be to amend your by-laws so that no single member can hold more than a set percentage of the portfolio. I think the wiser path is for younger members to contribute as much as possible, as regularly as possible, to build up their own share over time. After all the years your long-time members have invested, you can't avoid selling off a significant chunk of the portfolio whenever one of them passes away or decides to leave the group. It's simply the nature of how these things work. On Tue, Jun 16, 2026 at 1:17â¯PM Susan M. Trieschmann via bivio.com <user*40207700001@bivio.com> wrote: Great question! I have a different type of question. Our club, 34 years old, has over half our members well over 80 years old. They obviously own the most stock, but no one person owns more than 20%. Has anyone put a policy in place to protect those members who are younger from having the entire portfolio reduced in a short period of time? Thank you so much Vicki Sent from my iPhone On Jun 16, 2026, at 9:27 PM, Vickie Rabourn via bivio.com <user*26711600001@bivio.com> wrote:
I think as long as his children are willing to accept the funds, there is no problem. On Jun 16, 2026, at 6:07â¯PM, Ash Aragam via bivio.com <user*42222700001@bivio.com> wrote: We had a max stipulated per member, but in the particular case, the member wrote a bigger check. We can always return the excess however, the member has two of his children in the club and was wondering if that one checkâs excess amount could be spread across the two. Looks like this is possible from Justinâs and otherâs input. Thank you all. They can avoid selling. Take their assets as stock and retain them. When they die they will get the step in basis and problem solved. Bob Shaw Classic Stragey IC
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