If I process a member withdrawal (100%) and at a future date
back out a transaction (entered prior to the withdrawal)
which results in an increased NAV, my assumption is that
Bivio will allocate the NAV only amongst the remaining
partners. Correct?

(Backing out could either be a deletion of the earlier
transaction or entering another transaction which
arithmetically "neutralizes" the earlier transaction).
thanks

No. If a transaction dated prior to a withdrawal is modified (or added or
deleted), bivio will make appropriate adjustments to every member who had an
ownership share on the date of that transaction. However, the net dollar
value of any withdrawals dated after the modified transaction will remain
unchanged because bivio will add a "post withdrawal adjustment" to the
withdrawal to keep the net dollar value unchanged.

It's good practice to verify the accuracy of the club books prior to
entering a withdrawal so that sort of situation doesn't arise.

> If I process a member withdrawal (100%) and at a
> future date back out a transaction (entered prior to
> the withdrawal) which results in an increased NAV,
> my assumption is that Bivio will allocate the NAV
> only amongst the remaining partners. Correct?

-Jim Thomas