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Online Accounting Question...
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Hi,
Our Club first bought "stock A" via the NAIC drip program. Then for some crazy reason we bought shares of the same "stock A" via a broker.
From an accounting perspective we listed the stocks separately in the online line accounting software as there were different dividends related to each of holders of the stock.
Recently we moved all of our stocks under the broker that held the second "stock A" purchase. Now I have one report of all stocks but two listings in the Online Accounting system.
I have several questions:
1. Is there an easy method to merge the two "stock A" ?I have not seen an automated method so I am assuming I'd have to hand enter all the old transactions.
2. What is the impact of merging the two under one "stock A"?
2a. Is there an impact in terms of previous years close outs (end of year activities)?
Thanks in advance.
Barb
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Rank: Advanced Member
Posts: 62
Was thanked: 1 time(s) in 1 post(s)
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Barb, if you haven't already gotten a reply on this, I don't find a way to just merge the two records of the same stock. Editing the profiles to have both say the same thing didn't work. Hand entering the one with the shortest number of transactions to the primary one would work without any impact on previous years, if there is too many to want to tackle that, contact IClub by phone or through their website support forms to see if they can tweak the profiles for you.
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Gene,
Thanks for your reply...I figured I would have to re-enter the information...I was just hoping for a simpler answer. As long as it does not interfere with my starting balance for this year I'll be very happy. Thanks again for your reply.
with gentleness and peace,
barb
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