Ira,

I see it thanks. One addtional question/observation. Under
our old "club accounting", it would distrbute the
gains/losses in units and alter the unit value as well as
altering the tax basis. Bivio doesn,t seem to alter the
units or value. Do you see any imact of this difference?


IraS1@aol.com wrote:
> It happens on 12/31. Compare the tax basis for each member on 12/30 with
> that on 12/31.
>  
> Ira Smilovitz
>  
>
> In a message dated 02/07/08 1:11:58 P.M. Eastern Standard Time,
> g_cudd@bivio.com writes:
> At what
> point in the end of year processing does the tax
> allocation actually post
> to the members individual account.
> tax basis get altered.  When I look
> at the tax basis on
> 12/31/07 and then in January, it is the same.  Do
> I need to
> exercise some function to post the gains/losses to
> the
> individual?
>
> Geoff
> Cudd
>
>
>
> Who's never won? Biggest Grammy Award surprises of all time on AOL Music.

If you look at the Transaction Ledger report (not
Transaction History) you can see all basis adjustments in
the "Member" column. (Note that although that report shows
some basis adjustments related to withdrawals dated Dec
31st, withdrawal basis adjustments are actually all applied
on the withdrawal date. I've got a question into bivio
support about this seeming inconsistency.)

> Under our old "club accounting", it would distrbute
> the gains/losses in units and alter the unit value as
> well as altering the tax basis. Bivio doesn,t seem to
> alter the units or value.

That other club accounting software (from IClub) doesn't
"distribute" units either when you disable the appropriate
option. Ever since bivio has existed, the recommendation
has been to allocate gains/losses but *not* to also
distribute them as units and so bivio doesn't aother with
it.

-Jim Thomas