Add to Equity

Equity value may be added to or subtracted from stock at Patronage / Transfer Equity / Add to Equity. This process modifies the equity balance and recalculates the per share value.

Process

1. Within Patronage, navigate to Transfer Equity / Add to Equity or choose the Add to Equity shortcut icon. 
2. In the Add Equity window, enter the date of the transfer. The default is the system date but can be changed if necessary.
3. Double-click the Certificate # field and select the Certificate from which equity is being transferred in the Select Stock Certificate window. The first and last name, Number of Shares, $ Per Share, and Total Value of the Patron associated with the selected Stock Certificate displays in the area to the right of the Certificate number.
   Note: If the Certificate # is known, it can be manually entered. If a Stock Certificate is entered that does not exist, a message appears that states The from stock certificate number does not exist. Please enter a valid stock certificate number. 
4. Input the value of the increase of the selected Certificate in the Total $ Amount field.
5. Enter the Number of Shares being added to the selected stock shares.
   • To allow the Number of Shares to remain the same, enter a 0.
     Note: The $ Per Share value will be recalculated. 
   • To increase the Number of Shares by the same amount entered in the Total $ Amount, enter the $ amount into the Number of Shares field.
     Note: The $ Per Share value will remain at its current value.
   • To increase the Number of Shares by a specific quantity, enter that amount into the Number of Shares field.
     Note: Based on current values, this may cause the $ Per Share value to recalculate. 
6. Select the Cash on Hand account to be affected.
7. Enter the Check Number if available.
8. Enter Comments that are saved to Stock History.
9. Optionally, select Print Equity Documents to print an equity receipt.
10. The option to select Save Set and save the information entered is available. Load Set can later be used to retrieve the saved information so it does not have to be re-entered each time the window is opened.
11. Choose Save.

Posting Notes

Upon saving the transaction, the following posting occurs:

• On the Stock Certificate, the Total $ Value is updated by the Total $ Amount entered. The # of Shares on the Stock Certificate is updated by the Number of Shares entered. The $ Value per Share on the Stock Certificate is recalculated.
• Stock History is updated.
• A General Journal Entry is posted to the current month.