Especially this time of year when a club may suddenly find themselves with a transaction that the broker conveniently back-dated for 2010, we get questions about how to re-do the year end Allocation. Following is a set of steps that will explain how to do this for our desktop and myiclub.com accounting systems.

In Club Accounting 3, first delete and re-enter the 12/31 valuation, then re-allocate the income and expenses:

1. At far left, click on Valuations > click on the 12/31 date to be deleted > click Delete Valuation at page bottom.
2. On that same page, click on New Valuation at the top of the column of dates > at top middle type in the 12/31 date > click Download Prices > click OK after prices are shown.
3. At top of program, click on Tools > Allocate Income and Expenses.

In the myiclub.com accounting system, delete and re-enter the 12/31 valuation, then re-allocate the income and expenses as follows:

1. At top, click on Accounting > at far left click on Securities > at center page click on Edit or Delete Existing Valuation > from drop down arrow choose the particular 12/31 date > click Delete > click Delete
2. At center page click on Create New Valuation > type in the same 21/31 date you previously deleted > click Continue > scroll to bottom of ‘Step 2’ page and click Submit
3. At far left side bottom click on Utilities > underneath Utilities click on Allocate Income and Expenses > choose the correct tax year BEFORE clicking Yes.