It seem it would make much more sense and simplicity to have the valuation date be the last day of the month, same as brokerage statement: but you all never advise that? What do you think?
What date do we use to print the Valuation Report for members: the Valuation Date of this month's meeting March 7 for the Monday March 10 meeting? or 2/29, the end of last month's brokerage statement, so we can see the market value and cash ...
We're now moving into intermediate knowledge, and cleaning our Instruction sheet. In bivio, entering the deposits for last month's meeting, we put the 1. Transaction Date = date on brokerage statement deposit entered 2. Valuation Date: Friday before LAST month's meeting (before the checks Is ...
Why is the box for Hedge Fund checked on my club's NJ tax return? I don't recall completing any information to indicate the club is such an entity? Thanks in advance for the help. Nick
Does anyone know what owndership percentage of capital gain/loss to use with member who have withdrawn? For current members I'm using their membership percentage as of 12/31 but not sure what percentage to use with members who withdrew throughout the year. Using everyone's percentage from ...
Our club meets on the second Saturday of the month. What valuation date makes sense and how do I set it? Our by-laws currently state that the value of a withdrawing member's holdings are set at the next meeting following receipt of withdrawal. Thanks. Judith ...
Because they contributed at different times. The number of units purchased depends on the value of the portfolio on the valuation date used. This varies every day. Ira Smilovitz In a message dated 03/07/08 5:32:44 P.M. Eastern Standard Time, jennifer@bivio.com writes: All of our members ...
All of our members have contributed the same amount of money (albeit at different times) but some of the members show a smaller # of units than the other members. Everything else checks out as even. Why is this?? Pot o' Gold Investors Jennifer
Yeah, NJ wants a partnership return. I'm inclined to ignore it. The only difficulty for your NJ partner is that he will not be able to efile his NJ-1040 return unless he is issued a NJK-1. The NJK-1 has a very different format from the ...
Your club files in CA. As long as your club does not invest in another partnership with operations in CA, he only has to file in NJ. Ira Smilovitz In a message dated 03/07/08 4:20:14 P.M. Eastern Standard Time, grantland7@bivio.com writes: I'm bumping this since ...
Is there a good program for a personal account that does what Bivio does for our club account? I would like to get the same kind of reports for my personal portfolio. I suppose I could set up an Excel spreadsheet, but I was looking ...
The investment and member amounts from your transaction ledger represent the cost of your investments and the cost basis allocated to the members. They do not reflect the current value of the investments nor the current value of the members account. Ira Smilovitz In a ...
How does the year-end distribution work w/ Bivio? I was recommended to NOT do it as I closed the 2007 books before moving to Bivio. Now, of course, unit totals are higher. In my 1st attempt to export to bivio I had done the distribution ...
We found it extremely confusing to look at the brokerage statement: they put an item in and out and in and out, like .79 (.79) .79 ,, I know it's coming in and then going into the money market account.. Would it be easier next ...
Stockettes audit went very well, considering all the changes that happened in 2007. A few questions: 1. The 12/31 brokerage matched the bivio valuation for cash and market value. However, the transaction ledger final lines for 12/31 did not seem to match. transaction ledger Cash ...