we are adding each of our members with the initial balance
on the switchover date. We have total paid for each member.
we don't know what to put in the earnings allocated field.

Also, the units field.


thank-you -

UYA

Hi Erin,

Earnings allocated is the total earnings that have been reported to
each member on K-1's over the years they have been in the club.

The number of units column is filled in by taking the market value of
each members account (not the amount they've paid) as of the
switchover date and dividing it by 10.

Getting your opening balances set up correctly can be tricky. Feel
free to contact us at support@bivio.com and we'll be glad to help you
with the specifics for your club.
--
Laurie Frederiksen
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