I had two members withdraw from the club and receive more
cash than their adjusted basis. Thus, creating a gain.
However,bivio doesn't let me enter the actual cash and is
thus not showing that gain in the withdrawal report. Has
anyone had this? If so how were you able to fix it?

Hi, are you sure you scrolled far enough down on the report page to see the
gain? You don't need to enter the figure, it is calculated from the dates
you give, and the gain/loss is the very last thing shown on the report
screen, which requires scrolling to see on my monitor. Gene Rooks,
Orlando

Yes, I did scroll down far enough. My problem is that Bivio
says I gave the member $105, but I actually gave them $117.
Thus they should have a gain of $12 and I'm only showing
$0.20.

thanks

JJ writes:
> Yes, I did scroll down far enough. My problem is that Bivio
> says I gave the member $105, but I actually gave them $117.
> Thus they should have a gain of $12 and I'm only showing
> $0.20.

Note the Current Income Allocation on the withdrawal report.

If you wrote the check for $117, you will have to re-enter the
withdrawal with the correct amount. It won't allow you to give them
more money than their market value so you'll have to enter a negative
fee.

You might want to email support@bivio.com so you can get more specific
advice.

Rob

Yes, I emailed them. Hopefully they will respond. However,
I will try your advice.

Thanks very much.


Rob Nagler wrote:
> JJ writes:
> > Yes, I did scroll down far enough. My problem is that Bivio
> > says I gave the member $105, but I actually gave them $117.
> > Thus they should have a gain of $12 and I'm only showing
> > $0.20.
>
> Note the Current Income Allocation on the withdrawal report.
>
> If you wrote the check for $117, you will have to re-enter the
> withdrawal with the correct amount. It won't allow you to give them
> more money than their market value so you'll have to enter a negative
> fee.
>
> You might want to email support@bivio.com so you can get more specific
> advice.
>
> Rob

JJ, you might need to check the valuation date you chose. The proper order
is, enter the date you are writing the check, then enter the valuation date
this withdrawal is based on. bivio calculates what the correct withdrawal
amount is as of that date. Then you give them a check for the amount bivio
shows on the withdrawal report. I think your difference occurred because
you figured the amount they were due based on a different valuation date or
unit count than was actually in the books. Best to enter the withdrawal,
and use their amount to cut your check. Gene Rooks, Orlando

Thanks, it worked!!!

Rip West wrote:
> JJ,
>  
> It sounds as though bivio did answer you in the person of
> Rob Nagler. As he said, you will have to delete the withdrawal and re-enter it.
> If you are paying more than the market value, you will have to adjust the
> difference by entering a negative withdrawal fee.
>  
> Rip West
> Saint Paul, MN
>  

That would be ideal unfortunately it was the previous
treasurer and the check has been issued. I can't really ask
the person for the money back so my only choice is to treat
it as a gain. Thanks for the advice on go forward will
definitely use Bivio's amount.

Thanks!!



Gene Rooks wrote:
> JJ, you might need to check the valuation date you chose. The proper order
> is, enter the date you are writing the check, then enter the valuation date
> this withdrawal is based on. bivio calculates what the correct withdrawal
> amount is as of that date. Then you give them a check for the amount bivio
> shows on the withdrawal report. I think your difference occurred because
> you figured the amount they were due based on a different valuation date or
> unit count than was actually in the books. Best to enter the withdrawal,
> and use their amount to cut your check. Gene Rooks, Orlando