Venture Fund balance turns negative - Navigator User Forums

Navigator User Forums

Venture Fund balance turns negative

profile | register | preferences | faq | search

UBBFriend: Email This Page to Someone!

next newest topic | next oldest topic

Author	Topic: Venture Fund balance turns negative
FINNAV_User Member	posted 09-14-2001 03:02 PM I am recording transactions for an entire year. Posting a Venture Fund's cash and stock distributions from month to month lets the asset balance turn negative. The K-1 income posted at the end of the year will turn it positive again. How do I post stock distributions when the system prompts for "security sold or option written" due to the negative balance ? IP: Logged
Pamela Member	posted 09-19-2001 12:36 PM When you do a stock distribution, you say "yes" to the sale, but on the actual screen, you mark the quantity sold as "0" prompting the system to ask you if this is a "return of capital". This is usually how that side of a stock distribution is posted. This merely keeps the asset balance in the negative which will be corrected at year end by the k-1. But an asset can carry a negative balance, and the system will allow it. If the sale screen tries to make you input data for another account, just delete that account. As long as you are in balance, everything should work fine. IP: Logged
Pamela Member	posted 09-21-2001 09:09 AM As we discussed, in order to get a good sale prompt, your Venture Fund A/L screen should show a positive number of shares. If you have a 0 share quantity, then the system will prompt you for an option or short sale. IP: Logged

All times are PT (US)	next newest topic \| next oldest topic
Administrative Options: Close Topic \| Archive/Move \| Delete Topic
	Hop to:

Contact Us | Home

Copyright 2010 Financial Navigator, Inc.

Ultimate Bulletin Board 5.47e