Pre-requisite:
Steps:
- From the menu screen, go to Patronage > Equity. Equity screen will show.
- Select an equity record to transfer from the Equity Details grid.
- Click Transfer To > Stock. Transfer Instruments screen will show
- Enter details to required fields:
- Transfer Type – Transfer Equity to Stock (read-only)
- Transfer Date – defaulted to date today (read-only)
- Transfer No – created on Save (read-only)
- Description
- Grid Details:
- Transferor – source of the customer equity to be transferred (read-only if pre-selected from Equity screen)
- Fiscal Year – fiscal year of the source equity (read-only if pre-selected from Equity screen)
- Equity Type – equity type of the source equity (read-only if pre-selected from Equity screen)
- Refund Type – refund type of the source equity (read-only if pre-selected from Equity screen)
- Qty Available – quantity available for transfer (read-only)
- Stock Name – the stock classification to use
- Certificate No – combination of characters. Should be unique. Will generate an input if left blank upon saving.
- Issue Date – date of the stock will be issued.
- Stock Status
- Voting
- Non-Voting
- Other
- Par Value – par value of the selected stock name
- Qty Transferred – Qty. Available x Transfer % = Quantity to Transfer (read-only)
- Click Save.
- If saved successfully, click Post button to create the stock.
- Go to Stock to check the created stock.
*Important Notes:
- 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 in both, deleting the stock issued and accumulate back the equity. GL Entries will be reversed as well.
- If the issued stock is already posted, unposting of the transfer instrument is not allowed.
Overview
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