Bivio entries

wiltse on

My advice would be to have the members attending chip in to pay for the dinner rather than take money from the club.

Otherwise you are giving the treasurer extra work. One way to deal with the expense is to treat it as a withdrawal for each of the members attending. How much might depend on how many guests each member invites. It gets complicated.

This is a nondeductible expense. Deductible expenses can be divided either per member or per unit.

I would be interested in what Bivio has to say.

Linda

Pointe Players

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-------- Original message --------

From: John H Ellison

Date:09/14/2014 4:47 PM (GMT-05:00)

To: club_cafe@bivio.com

Subject: [club_cafe] Bivio entries

We are a club of 20 members and have a NAV of $185,000. Our
members decided we wanted to use some of the funds to pay
for a dinner for the members and their guests. We are
talking
about a $750.00 expenditure to allow us to share in a social
event, part of our mission
statement. The question: is there any way to enter the
transaction in bivio excluding the three
members who are unable to attend?

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