Buy and Hold accounting errors
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Buy and Hold accounting errors I have noticed numerous account errors in our club's account at Buyandhold.com. Mostly they are related to reinvestment of dividends. BuyandHold repeatly double posts the entries, which creates a real problem for AccountSync. AccountSync records the dividens and reinvestments in our Bivio accout, but does not record the reversals when Buy and Hold gets around to correcting their error). I have contacted Buy and Hold several times about this, but they don't seem to be interested in correcting this problem. Are other clubs experiencing this problem? If so, perhaps we could convince Bivio to contact Buy and Hold on behalf of its group of clubs. I would think Bivio might have more clout than an individual club. Kevin Smith Kevin Smith writes: > experiencing this problem? If so, perhaps we could convince > Bivio to contact Buy and Hold on behalf of its group of > clubs. I would think Bivio might have more clout than an > individual club. We don't have more clout, unfortunately. We are looking into a way to detect the "reversals" -- which actually are "disappearances", not reversals. Rob |
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