-----Original Message-----
From: Scott Gilbertson [mailto:sgilbertson@bivio.com]
Sent: Wednesday, June 18, 2003 12:36 PM
To: club_cafe@bivio.com
Subject: club_cafe: Re: Withdrawl of NAIC Dues for Non-payers


Let me better clarify what I am trying to do. First of all
I agree, that the best solution is to have everyone write
their check for the NAIC. However, this is what I want to
do. I have already written a check for all 5 members to
cover our club fees for NAIC. 2 of the members did not
write me a check for their portion ($14.00). What I would
like to do is do a partial withdrawl of units equal to the
$14.00 that they owe the club cash account. When I try to
do this using partial withdrawl your interface wants to
designate "The account used to fund the cash portion of the
withdrawl". What I want is to cash in some of the amt of
valuation units they own to put $14.00 in our cash account.

Can this been done or accomplished in a different way?
Scott



Rob Nagler wrote:
> Scott Gilbertson writes:
> > I have a couple of members in our family investment club who
> > I would like to withdrawl from their account the amount of
> > their club dues since they have not paid the fee by check.
> >
> > Can this be done with Bivio?
>
> You can enter a partial withdrawal for any member, but I'm not sure
> that I understand the question. It may be you want to:
>
> 1) Enter a negative payment for the amount of the dues
> 2) Enter a positive fee for the dues
> 3) Write a check from the club for the dues
>
> Our goal at bivio is to simplify your accounting, so you can get on
> with investing. We would recommend you skip steps 1 & 2, and simply
> write the check to the NAIC. It comes out of the same money pool, and
> the amounts are probably trivial in comparison with the total assets
> of your club.
>
> Cheers,
> Rob
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