Investment Transactions allow a club officer to enter transactions related to a club investment. Buying, selling, the receipt of dividends, mergers, spin-offs, and stock splits are examples of Investment Transactions. You'll find these functions on your Investment Summary and your Investment Detail pages.

Here's the complete list of transactions:

Bought - When a club purchases a new investment the purchase transaction must be entered by clicking on the Bought icon at the top of the Investment Summary or by clicking on the Bought Stock shortcut found on the clubs Administration > Overview page. The Record Purchase page will have you enter the ticker for the investment you just purchased. If you don't remember the ticker, enter part of the name and click on Symbol Lookup. If it isn't found and you are sure about the spelling, it isn't listed in our database. Use the New Unlisted button to enter the investment in your club's private area of our database. Enter the Transaction Date, the cash Account from which the funds were withdrawn to fund the purchase, the Principal exclusive of any commissions or fees, the number of Shares purchased, the broker's Commission charge for the purchase and any appropriate remarks.

When a club purchases additional shares of an investment that it already owns the purchase transaction must be entered by clicking on the Bought icon at the top of the Investment Detail for that given investment, the Bought icon at the top of the Investment Summary, or by clicking on the Bought Stock shortcut found on the clubs Administration > Overview page. Enter the Transaction Date, the cash Account from which the funds were withdrawn to fund the purchase, the Principal which is the total cost exclusive of any commissions or fees, the number of Shares purchased, the broker's Commission charge for the purchase and any appropriate remarks.

Note: Most costs directly associated with the purchases of investments should be treated as and entered into bivio as a commission. In a few situations, as in the case of a Dividend Reinvestment Plan, the IRS specifies that you can deduct any service charge subtracted from your cash dividends before the dividends are used to buy more shares of stock. In this case, such a service charge should be entered into bivio as a Service Fee.

Sell - To record the sale of shares of an investment an officer must click on the Sell icon on the top of the Investment Detail page for that investment, the Sell icon at the top of the Investment Summary, or by clicking on the Sell Stock shortcut found on the clubs Administration > Overview page. . Enter the Transaction Date, the cash Account from which the funds were deposited, the Gross Amount before a reduction for any commissions or fees, the number of Shares sold, any broker's Commission charge associated with the sale, and any appropriate remarks.

If the number of shares sold is less that the total number of shares held by the club, and if the investment was purchased in multiple lots, then the officer may select the lot or lots from which these shares were sold. If no selection of lots is made, bivio will default to First In, First Out (FIFO). If the officer manually selects lots in a manner other than FIFO, the officer should insure that it has done so in accordance with the appropriate provisions in the IRS tax code as defined in IRS Publication #550 - Investment Income and Expenses (Including Capital Gains and Losses).

Income - To record Investment Income an officer must click on the Income icon on the top of the Investment Detail page for that investment, the Income icon at the top of the Investment Summary, or by clicking on the Stock Dividend shortcut found on the clubs Administration > Overview page. Enter the date of the transaction, the Account where the funds were deposited, the Amount of any Investment Income paid to your club in the form of Dividends, Interest, Capital Gains Distributions, Return of Capital, and any appropriate remarks. Enter Foreign Taxes paid by the company from your gross dividends. These foreign taxes are treated as both additional dividend income and an expense in the year paid.

Reinvest - To record the automatic reinvestment of investment income, such as dividends reinvested as part of a Dividend Reinvestment Plan (DRIP), an officer must click on the Reinvest icon on the top of the Investment Detail page for that investment or the Reinvest icon at the top of the Investment Summary. Enter the Transaction Date, the Distribution Type such as Dividends, Interest,the Return of Capital, and Capital Gains Distributions, the Gross Distribution amount prior to any deductions for commissions or fees, The number of Shares purchased, any Commission associated with this transaction and any appropriate remarks.

Stock Split - To record a Stock Split or a Stock Dividend of shares in the same company an officer must click on the Stock Split icon on the top of the Investment Detail page for that investment or the Stock Split icon at the top of the Investment Summary. Enter the Transaction Date of the Stock Split, the Split Ratio if known, and any appropriate remarks. If the split ratio is unknown, simply enter the number of shares that your club held after the split, including fractional shares even if you received cash in lieu of those fractional shares, in the first field and enter the number of shares your club held before the split in the second field. If you received cash in lieu of fractional shares, enter the amount of Cash Received in lieu of those fractional shares and the Account that money was deposited into.

Merger - To record the merger of company in your portfolio with another company an officer must click on the Merger icon on the top of the Investment Detail page for that investment or the Merger icon at the top of the Investment Summary. Enter the Ticker of the acquiring company, the Transaction Date, the number of shares issued by the acquiring company, including fractional shares even if you received cash in lieu of those fractional shares, and any appropriate remarks. If you received cash in lieu of fractional shares, enter the amount of Cash Received in lieu of those fractional shares and the Account that money was deposited into.

Spin-off - To record the spin-off of company in your portfolio with another company an officer must click on the Spinoff icon on the top of the Investment Detail page for that investment or the Spinoff icon at the top of the Investment Summary. Enter the Ticker of the newly spun-off company, the Transaction Date, the number of shares issued for the spun-off company, including fractional shares even if received cash in lieu of those fractional shares, the Remaining Basis Percentage of the parent company, and any applicable notes. If you received cash in lieu of fractional shares, enter the amount of Cash Received in lieu of those fractional shares and the Account that money was deposited into.

Note: The Remaining Basis Fraction, expressed as a percentage, is often provided to you in documentation about the spin-off from the companies. If not, the Remaining Basis Fraction may be calculated using the following formula or by clicking on Calculate. Clicking on calculate will take you to the Investment Basis Calculator that will perform these calculations for you.

# of post spin-off shares of parent x post spin-off price of parent = A

# of post spin-off shares of spin-off x post spin-off price of spin-off = B

A /(A + B)x 100 = Remaining Basis Fraction

Charges - In some cases, particularly with some Dividend Reinvestment Plans, a company will pay commissions and charges associated with your investment for you or on your behalf. The IRS treats those Company Paid Charges as additional dividend income to you and the company will include those amounts on your 1099-DIV at the end of the year. To enter these company paid charges into bivio an officer must click on the Charges icon on the top of the Investment Detail page for that investment or the Charges icon at the top of the Investment Summary. Enter the Date that the charges were paid, the Amount of any charges paid in the clubs behalf, and any appropriate remark.

Note: There are three types of transactions on bivio: Account Transactions, Investment Transactions, and Member Transactions. Make sure you select the appropriate transaction type. For example, if a member makes a payment into the club, you use the Member Detail page. Or, if a you receive interest on an account, you use the Account Detail page.