Our club uses Bivio online accounting and has a $50 per
month minimum payment per member. In December one of our
members had a total of $800 paid in for 2007 and it was
deposited with the broker before December 31. He asked me
during the December meeting if he could use the $200 extra
amount paid in for 2007 and apply it toward the first four
months of $50 payments in 2008. I told him that this would
be all right and entered no further payments for him until
he paid again in 2008. Now another of our members is
questioning if it is proper to have done this. The main
objection of this member is the contention that money paid
in during one year cannot be "carried over" by the software
into another year. My understanding is that the extra money
is not being carried over, but rather it is the units that
were purchased by that money. And I, therefore, believe
that the Bivio software is designed to handle this
transaction in an accurate, fair and equitable manner. Can
anyone comment here whether what I have done is correct?

Victor J. Scango wrote:
> Our club uses Bivio online accounting and has a $50 per
> month minimum payment per member. In December one of our
> members had a total of $800 paid in for 2007 and it was
> deposited with the broker before December 31. He asked me
> during the December meeting if he could use the $200 extra
> amount paid in for 2007 and apply it toward the first four
> months of $50 payments in 2008. I told him that this would
> be all right and entered no further payments for him until
> he paid again in 2008. Now another of our members is
> questioning if it is proper to have done this. The main
> objection of this member is the contention that money paid
> in during one year cannot be "carried over" by the software
> into another year. My understanding is that the extra money
> is not being carried over, but rather it is the units that
> were purchased by that money. And I, therefore, believe
> that the Bivio software is designed to handle this
> transaction in an accurate, fair and equitable manner. Can
> anyone comment here whether what I have done is correct?

Since we have about 50% "snowbirds", we do this all the
time. There's no difference between $800 in July and $800 in
December and $800 in January.
What is his/her problem with "carried over"? IProbably he's
concerned that the $800 member is going to get a bigger
share of the dividends and gains from before the December
conribution, he's wrong, since the units are valued as of
the date of the meeting or the end of the month. If he's
concerned he'll get a smaller share of gains and dividends
after the deposit, he's right; he's also entitled to
contribute $1000 so he'll get a larger share of the gains
than the $800 guy. It's called "free enterprise", altho some
people don't like the rules.