club_cafe: Re: Valuation date entered in bivio

iras1 on

First, why does it take 18 days to get the checks to the broker? However, if you are using AccountSync to get the transactions into your records, then just edit the AccountSync transaction so that it uses 3/7 as the valuation date. No need to do anything else. (That is, don't enter anything when you receive the checks.)

Ira Smilovitz

In a message dated 03/09/08 2:50:52 P.M. Eastern Daylight Time, etana_finkler@bivio.com writes:

From what you wrote:
Is this correct way to record it in bivio:
If the meeting is Monday Mar 9, we use the valuation date in
bivio of the PRECEDING Friday Mar 7, which is that month's
valuation. That is the day the units are purchased.

But then the check get deposited later into the brokerage
Mar 25.
So the transaction date is the date they enter the brokerage
Mar 25?

Mar 25 is the date that autosync has for the transaction
date.
thanks for your patience.
I'd rather buy string beans than be an accountant.

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Etana Finkler on

IraS1@aol.com wrote:
> First, why does it take 18 days to get the checks to the broker?

It used to take 3-4 months with our last treasurer who is a
CPA. That was a drag this year when Carol and I took over
treasurer, looking for the December checks which weren't
deposited til March... We never realized how imp't it is to
be timely in depositing them

We mail the checks about 9-11 days after the meeting,
waiting 7 days to receive late checks.

Etana

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