Reorganization of a company
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Reorganization of a company How do I record all the changes to a stock when a company reorganizes? June Lewis Kickin Cash Club AccountSync should pick it up. If it doesn't, let us know and we'll make sure it's entered correctly. Ira Smilovitz Bivio Support On Wednesday, May 8, 2013, June Lewis wrote: How do I record all the changes to a stock when a company Nothing is showing in our Bivio account for the reorganization, but I have all of the transactions from our broker. June Lewis Kickin Cash Club From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of ira smilovitz AccountSync should pick it up. If it doesn't, let us know and we'll make sure it's entered correctly. Ira Smilovitz Bivio Support How do I record all the changes to a stock when a company Reconciling your club account to your brokerage statement every month is an important part of the investment club treasurers job. This applies even if you are using AccountSync. It is very good, but it is still a computer talking to another computer and needs human oversight. There may be missing or incorrect information in the data file we read from your broker. 99% of the time there are no problems and you can reconcile your accounts in minutes. If you take a few minutes each month just to quickly confirm what gets entered in bivio agrees with what is on your brokerage statement, you can catch any discrepancies in a timely manner and contact us if you need help to get them resolved. Catching and correcting differences when they happen is much easier than trying to sort through long lists of transactions many months later. There is no way you should be filing or should have filed any club taxes if the number of shares of any of your stocks in bivio doesn't agree with what your broker shows. Detailed instructions about how to reconcile your club records can be found in this link from our help page: https://www.bivio.com/site-help/bp/Reconciliation.pdf Laurie Frederiksen www.bivio.com |
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