Question regarding Member units
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Question regarding Member units All of our members have contributed the same amount of money (albeit at different times) but some of the members show a smaller # of units than the other members. Everything else checks out as even. Why is this?? Pot o' Gold Investors Jennifer Jennifer, you answered your own question, because they paid in at different times. On the payment screen, you select your club's official valuation date to determine the value of the units purchased at that time. The valuation actually changes daily, but most PA's call for one official date each month to set unit values for that month's payments, and for withdrawals. It is not necessary to try and keep all members contributing the same amount, the software handles varying percentages in the club just fine. Each person gets credit for the amount they paid, at the unit value in effect when they paid it. Gene Rooks, SWIM, Orlando |
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