Transfer Equity to Customer

Pre-requisite:

• Undistributed Equity / Reserve Equity
• Configured Patron Customer

Steps:

1. From the menu screen, go to Patronage > Equity. Equity screen will show.
2. Select an equity record to transfer from the Equity Details grid.
3. Click Transfer To > Customer. Transfer Instruments screen will show
4. Enter details to required fields:
   
   1. Transfer Type – Transfer Equity to Customer (read-only)
   2. Transfer Date – defaulted to date today (read-only)
   3. Transfer No – created on Save (read-only)
   4. Description
   5. Grid Details:
      1. Transferor – source of the customer equity to be transferred (read-only if pre-selected from Equity screen)
      2. Fiscal Year – fiscal year of the source equity (read-only if pre-selected from Equity screen)
      3. Equity Type – equity type of the source equity (read-only if pre-selected from Equity screen)
      4. Refund Type – refund type of the source equity (read-only if pre-selected from Equity screen)
      5. Qty Available – quantity available for transfer (read-only)
      6. Transferee – target customer for the equity transfer
      7. Transfer % – percentage of equity to be transferred
      8. Qty Transferred – Qty.Avalable x Transfer % = Quantity to Transfer (read-only)
5. Click Save.
6. If saved successfully, click Post button. Go to Equity Details to check the transferred equity.

*Important Notes:

• The target Fiscal Year, Customer, and Refund Type is as is. Only Equity Type will be changed to 'Reserve'.
• Deleting the Transfer Instrument record will reverse the changes between equities.