Contribution receivable (share basis)

[Guest JimP]

Has anyone ran into the following situation? Using the receivable function (on a share basis) to cary forward a contribution into the next year. Upon working on the next years allocation you notice the client submitted the payments over a period of months so there are multiple share prices. How can this be easily settled? Thanks! JimP

[Guest]

ugh. or maybe ugly.

I do very little on the share end of things, though I would suspect you could calculate an average share price and run things that way.

e.g if you ahd 300$ in receivable and made the following:

$100 10 shares 10$/share

$100 13 shares 7.69231/share

$100 12 shares 8.333/share

then you have 300$ and 35 shares or 8.57143 share price

[Alan Simpson]

I agree with Tom. I know of no way to settle part of a trade within QT.

[FAPInJax]

It sounds as though you already know the total number of shares that were purchased by totaling the individual pieces in the subsequent year.

When settling the trade for the receivable just override the number of units and Quantech will take care of the balancing. This way the dollars will remain constant and the number of units will be correct.

Alternatively, transfer the receivable money in pieces to the participant in pieces (this was permitted at release 5.0 I believe) with confirmation required and settle each one of the trades.

[nancy]

We had this situation and were told to enter a loss on the receivable account to bring it down to the amount invested. Then you can transfer the entire receivable as the transactions take place. After posting each transaction, you enter a gain to the receivable account to bring it back to the amount still due. It was a bit of a pain, but it worked. Of course, all the gains/losses net to zero.