club_cafe: Account Sync

iras1 on

In a message dated 10/16/2007 7:40:16 P.M. Eastern Daylight Time, jcorbett@bivio.com writes:

hi, i have a question concerning account sync. Exactly how
does Bivio's account sync. track individual payment from
club members to the broker? Thanks in advance .

If you use the "pennies" method, where each member has a unique penny amount at the end of his/her deposit, then once you identify which penny amount goes to which member, AccountSync remembers and allocates that deposit to the appropriate member. Otherwise, you have to go into the member transactions and associate each deposit with the member who made it.

Ira Smilovitz

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Rob Nagler on

IraS1@aol.com writes:
> If you use the "pennies" method, where each member has a unique
> penny amount at the end of his/her deposit, then once you identify
> which penny amount goes to which member, AccountSync remembers and
> allocates that deposit to the appropriate member. Otherwise, you
> have to go into the member transactions and associate each deposit
> with the member who made it.

Slightly incorrect. There are certain transactions which are
unidentified debits and credits. These transactions need to be
identified, and it is much easier than editing a transaction. Club
officers get an email to the page that contains the unidentified
debit/credit and you simply select from a pull down what type of
transaction it is.

The One Minute Treasurer(tm) documentation provides several examples:

http://www.bivio.com/club_cafe/files/TheOneMinuteTreasurer.pdf

Cheers,
Rob

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