Transfer Equity to Equity Reserve

Pre-requisite:

• Undistributed Equity

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 > Reserve. Transfer Instruments screen will show
4. Enter details to required fields:
   
   1. Transfer Type – Transfer Equity to Equity Reserve (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. Refund Type – refund type of the source equity (read-only if pre-selected from Equity screen)
      4. Qty Available – quantity available for 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'.
• You can check the GL entries by pressing the Post Preview located at the toolbar of the screen.
• Unposting the Transfer Instrument record will reverse the changes between equities.