Hi Pam..

I am long-time treasurer (for 15 years ) and have used Bivio since it came
out.

For $99/yr it simply cannot be beat and I recommend it highly.

We previously used an accountant and using Bivio was a big saving.

Now, after Bivio digests the previous year's data, which takes about two
weeks, I can run all of the reports in about an hour or so.
That's less than the travel time to the accountant.

The only drawback is that Bivio cannot properly process a tax return on a
security which reports returns other than a 1099.
I am referring to LLC's which issue K-1's .These are usually oil and gas
partnerships, such as Kinder Morgan Energy Partners, Magellan Midstream,
etc.

This could be done manually with Bivio but it gets complicated .

Also, you should let Bivio do all of the work. You won't have do any manual
entries except to identify member's deposits and checks.

Some brokerage houses commit errors on downloading but we use Schwab and
never have and difficulty.

Arthur Klages, Treasurer
Senior Investment Club LLC
Greensboro NC
 
-----Original Message-----
From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Pam Cler
Sent: Wednesday, November 04, 2009 12:46 PM
To: club_cafe@bivio.com
Subject: club_cafe: Switching: Online Club Accounting to bivio

Our club is considering switching to bivio from online club
accounting. We are currently in a 3 month trial period and
so far everything for me (as treasurer) has been seamless
and the pros outweigh the cons. I'm also more than happy
with support. After making a presentation to my club last
evening a couple questions were presented in regard to
downside issues with bivio. As you know, there is a long
list of testimonials (implication being 'good') available on
the website. But, I'm just wondering if any of you have had
any negative experiences with bivio and whether everything
was resolved to your satisfaction. Any feedback would be
appreciated.

Also, are there any clubs out there who might be in our
geographical area currently using bivio? We'd definitely be
interested in hearing from you.

Pam Cler
Making Money in the Market
Savoy IL

Arthur,

Can you explain further what you mean by your statement
"after Bivio digests the previous year's data, which takes
about two weeks, I can run all of the reports in about an
hour or so." What is it that takes two weeks??

Pam
Arthur Klages wrote:
> Hi Pam..
>
> I am long-time treasurer (for 15 years ) and have used Bivio since it came
> out.
>
> For $99/yr it simply cannot be beat and I recommend it highly.
>
> We previously used an accountant and using Bivio was a big saving.
>
> Now, after Bivio digests the previous year's data, which takes about two
> weeks, I can run all of the reports in about an hour or so.
> That's less than the travel time to the accountant.
>
> The only drawback is that Bivio cannot properly process a tax return on a
> security which reports returns other than a 1099.
> I am referring to LLC's which issue K-1's .These are usually oil and gas
> partnerships, such as Kinder Morgan Energy Partners, Magellan Midstream,
> etc.
>
> This could be done manually with Bivio but it gets complicated .
>
> Also, you should let Bivio do all of the work. You won't have do any manual
> entries except to identify member's deposits and checks.
>
> Some brokerage houses commit errors on downloading but we use Schwab and
> never have and difficulty.
>
> Arthur Klages, Treasurer
> Senior Investment Club LLC
> Greensboro NC
>
> -----Original Message-----
> From: club_cafe@bivio.com [mailto:club_cafe@bivio.com] On Behalf Of Pam Cler
> Sent: Wednesday, November 04, 2009 12:46 PM
> To: club_cafe@bivio.com
> Subject: club_cafe: Switching: Online Club Accounting to bivio
>
> Our club is considering switching to bivio from online club
> accounting. We are currently in a 3 month trial period and
> so far everything for me (as treasurer) has been seamless
> and the pros outweigh the cons. I'm also more than happy
> with support. After making a presentation to my club last
> evening a couple questions were presented in regard to
> downside issues with bivio. As you know, there is a long
> list of testimonials (implication being 'good') available on
> the website. But, I'm just wondering if any of you have had
> any negative experiences with bivio and whether everything
> was resolved to your satisfaction. Any feedback would be
> appreciated.
>
> Also, are there any clubs out there who might be in our
> geographical area currently using bivio? We'd definitely be
> interested in hearing from you.
>
> Pam Cler
> Making Money in the Market
> Savoy IL