Transfering Shares

Susan J Mueller on

In June one of our members left our club. We decided to
transfer shares of three different companies to him. The
June Scottrade Statement shows the transfer but it has not
synced to bivio. How do I record this transaction in bivio?
We still owe him a bit of cash as well. I do not know the
exact value of what he received. I have an idea from the
stock prices from Yahoo on the date shown on my statement.
Thanks for your help...

Laurie Frederiksen on

Dear Susan,

You need to follow the terms in your partnership agreement to determine how to value his withdrawal. It should specify what to use as a valuation date. We'd recommend you determine the value of the shares you transferred as of the date you valued the total amount you owed him.

To make the entry in bivio, you need to enter a withdrawal using the withdrawal form you will find on the Accounting>Members page.

You can find out more about filling in the form here:

https://www.bivio.com/site-help/bp/Member_Withdrawal_Help

You can find out more about withdrawals here:

https://www.bivio.com/site-help/bp/Withdrawals.pdf

Just email us at support@bivio.com if you have any further specific questions as you work through this.

Laurie Frederiksen
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On Sun, Jul 14, 2013 at 2:22 PM, Susan J Mueller <suemue@comcast.net> wrote:

In June one of our members left our club. We decided to
transfer shares of three different companies to him. The
June Scottrade Statement shows the transfer but it has not
synced to bivio. How do I record this transaction in bivio?
We still owe him a bit of cash as well. I do not know the
exact value of what he received. I have an idea from the
stock prices from Yahoo on the date shown on my statement.
Thanks for your help...

Susan J Mueller on

Thanks Laurie,
We do have a valuation date for withdrawls in our
partnership agreement. When the shares were transferred
from Scottrade it did not have a value on the statement.
Just the number of shares transferred on a specific date. I
know there was an opening price and a closing price. Not
sure what he recieved. But we do know what his valuation
was. I will try and work through the withdrawl process in
bivio following your instructions. I may need additional
help. Thanks for being there!

Sue

Sue

Laurie Frederiksen on

Susan,

When you fill in the withdrawal form and select the number of shares of each stock you transferred, bivio will value it using the closing price on the date you specify as the stock transfer date. We'd recommend you use the valuation date for that date.

Laurie Frederiksen

On Mon, Jul 15, 2013 at 8:28 PM, Susan J Mueller <suemue@comcast.net> wrote:

Thanks Laurie,
We do have a valuation date for withdrawls in our
partnership agreement. When the shares were transferred
from Scottrade it did not have a value on the statement.
Just the number of shares transferred on a specific date. I
know there was an opening price and a closing price. Not
sure what he recieved. But we do know what his valuation
was. I will try and work through the withdrawl process in
bivio following your instructions. I may need additional
help. Thanks for being there!

Sue

Sue

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