From: Arthur Klages, Treas. Senior Investors Club

Our brokerage account has check writing privileges so all I do is pay the
invoice on my credit card and write a check to myself .The Bivio category
is Deductable Expense- Accouting and Tax Services" in and I note in the
comments box the check number and" Cash advance for Bivio dues" . That's
it.

Arthur Klages

-----Original Message-----
From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Joel
Anacabe
Sent: Tuesday, October 14, 2008 10:41 AM
To: The Club Cafe
Subject: Re: club_cafe: Re: RE: Paying for Bivio Account: Instructions

I don't have a clue who this is, but i'm receiving all your e-mail can
someone stop this,

Etana Finkler, and Jim Thomas



----- Original Message ----
From: Etana Finkler <etana_finkler@bivio.com>
To: club_cafe@bivio.com
Sent: Monday, October 13, 2008 10:03:47 PM
Subject: club_cafe: Re: RE: Paying for Bivio Account: Instructions

Jim,
Your instructions were perfectly detailed. It's been a while since the
question, and I went back, found your message, and all the information was
right as you wrote.
Whew! Thank you! MUCH appreciated
Carol

Jim Thomas wrote:
> Carol,
>
> > Would be grateful to hear from others what the best way is for a
> > stock club to pay for the Bivio subscription.
>
> If you're asking about the mechanics of paying for the bivio subscription,
here's how my club does it.
>
> The treasurer (it could be a different club member) pays the subscription
using their personal credit card. Then the following two transactions are
entered into bivio. The first transaction records the bivio subscription as
a club expense. The second transaction reimburses the member who paid for
the subscription with club units equal in value to what they paid with their
credit card. Note the use of the "suspense" account with both transactions
(the two transactions net out to zero, leaving the suspense account balance
unchanged).
>
> (1) Accounts -> Expense
>
> Account: Suspense
> Transaction Date: date of the credit card payment
> Amount: bivio subscription cost
> Category: "bivio Subscription"
> Allocate Equally Among Members: No (do not check the box)
> Remark: "Treasurer paid with personal credit card."
>
> (2) Members -> Payment(s)
>
> Transaction Date: date of the credit card payment Member Valuation
> Date: same as Transaction Date
> Account: Suspense
> Default Remark: "Reimbursement for bivio subscription paid with personal
credit card."
> Amount: bivio subscription cost entered for treasurer, all others zero.
>
> -Jim Thomas
>
>
>