Hi,

Our club cash out the profit on a quarterly basis. Each
share starts at $2500. Let's say our club makes $5000 this
quarter, and we have 10 shares, we then write each member
a check depending on number of shares they own. For those
member that owns 2 shares, they will get $1000 check.
After the dividend pay-out, the shares goes back to $2500.

What's is the best way to record these transaction in Bivio?

thanks

Jimmy

Jimmy Loh writes:
> Our club cash out the profit on a quarterly basis. Each
> share starts at $2500. Let's say our club makes $5000 this
> quarter, and we have 10 shares, we then write each member
> a check depending on number of shares they own. For those
> member that owns 2 shares, they will get $1000 check.
> After the dividend pay-out, the shares goes back to $2500.
>
> What's is the best way to record these transaction in Bivio?

We call this a "partial withdrawal". For more information, please
read:

http://www.bivio.com/hp/member-transactions.html
http://www.bivio.com/hp/member-withdrawal-report.html

For a complete discussion on partial withdrawals, visit:

http://www.bivio.com/trez_talk/mail-msg?t=2981700003

Cheers,
Rob