Page History

Pre-requisite:

• Undistributed Equity / Reserve Equity
• Configured Patron Customer
• Stock Classification

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 > Stock. Transfer Instruments screen will show
4. Enter details to required fields:
   
   1. Transfer Type – Transfer Equity to Stock (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. Stock Name – the stock classification to use
      7. Certificate No – combination of characters. Should be unique. Will generate an input if left blank upon saving.
      8. Issue Date – date of the stock will be issued.
      9. Stock Status
         1. Voting
         2. Non-Voting
         3. Other
      10. Par Value – par value of the selected stock name
      11. Qty Transferred – Qty. Available x Transfer % = Quantity to Transfer (read-only)
5. Click Save.
6. If saved successfully, click Post button to create the stock.
7. Go to Stock to check the created stock.

*Important Notes:

• Unposting the Transfer Instrument record will reverse the changes in both, deleting the stock issued and accumulate back the equity. If the issued stock is already posted, unposting of the transfer instrument is not allowed.