A reader asks I see under Account Transactions you cannot transfer from Petty Cash to another account. How do I get all that money out into the regular money fund so it can be used for expenses? Under the NAIC club accounting software [NCA], the ...
Greg asked Worldcom has issued a tracking stock, MCIT to WCOM shareholders. We have received one share of MCIT for every 25 shares of WCOM. I do not think this was a spinoff. We did not pay any additional money for them. How do we ...
Recently we were asked Several members of my investment club and I will be traveling to Hawaii later this fall for 5 days. For three of these days, we will be attending a shareholders' meetings for one of our holdings, taking a tour of the ...
There has been many questions of late in association with transactions related to ATT (T) stock. In some cases shareholders have mistaken which of the following two transactions they've participated in. The first transaction was strictly a voluntary transaction. In other words, those who did ...
Jamie wrote My club has added several new members lately, and after inputting their contributions, I noticed that their payments were suddenly worth more than they had paid--for example, a $520 deposit was worth $550. However, the old members' valuations, for the most part, are ...
On August 6, 2001, Cabletron Systems [CS] ceased to exist, having split up into separate companies - Riverstone Networks Inc., Enterasys Networks Inc. and Aprisma Management Technologies Inc. The reorganization has been accomplished by spinning off shares of Riverstone Networks, Inc. and then merging Cabletron ...
Jerry and I consistently recommend that clubs use appreciated stock in paying off departing members, even if the club has cash available. The reason for this is that using cash for partners' withdrawals can lead to prepayment of taxes if the club owns appreciated stocks. ...
This will be the last column of trez_talk, at least by Jerry and Rip. For reasons of our own, we are leaving bivio. It has been a very gratifying experience to watch the product start from scratch and become the premier investment club software on ...
We have a member withdrawal.A Have paid her and charged a $25.00 fee.A Now there is a discrepancy in the Bivio records of $25.00.A Where should we enter the $25.00? A Should this be a cash transfer to the club for buy and hold or ...
Member Withdrawals - payout options for your club. Jerry A. Dressel on 07/21/2000 Clubs often may have more options available to them in paying a withdrawing member than they first realize. The initial reaction of most clubs is to sell stock, increase member payments, or ...
I have retired from the COA. I know that I can continue to contribute,A but how do I go about closing my account? Withdrawing funds and transferring funds as an Inkind investment? ThanksA for your help. Lee
I am looking for some guidance on liquidating and terminating our partnership. Does Bivio has some information on its website? I could not find anything. Just trying to make sure we do not forget anything, we are planning to make one distribution in 2023 and ...
Hello, everyone. You should have received two emails, one from Wanda and one from Pam requesting substantial withdrawals. Below is a good explanation for the options available for the club to disperse these requests. It is a complicated situation to transfer stock, but we must ...