Our club is considering the purchase of Satyam Computer
Services (SAY). One issue that came up in the discussion
was what effect will owning an ADR have on accounting? My
guess is that we will have to enter dividends differently to
acount for foreign withholding but nothing else.

What are others' experience in this area? And, does anyone
have an opinion on SAY?

Thanks,
Jeff

Jeff, you are correct, dividends will require two entries. One for the part
of the dividend received by your broker entered as any other cash or
reinvested dividend, then a second entry on the Foreign Tax screen for the
amount of tax that was withheld from the total dividend paid by the company.
At the end of the year these two entries account for the entire dividend
paid by the company. The software takes care of it handily.

Gene Rooks, Space Coast Chapter