Overview
Use this job aid to pay back or adjust patron stock, stock credits, and equity.
To payback stock or equity:
From the Toolbar, click PAT for Patronage.
From the Patronage menu, select Patronage Transactions, and then select Stock Purchases.
In the Beginning and Ending Patron Name Id box, click Lookup or type * and press Enter, and then select the name id range you want to pay back stock or equity for.
In the Beginning and Ending Name Id Type box, click Lookup or type * and press Enter, and then select the name id type range you want to pay back stock or equity for.
In the Beginning and Ending Statement box, click Lookup or type * and press Enter, and then select the patronage statement type range you want to pay back stock or equity for.
In the Beginning and Ending Name Id box, click Lookup or type * and press Enter, and then select the name id type range you want to pay back stock or equity for.
In the Beginning and Ending Credit Limits box, click Lookup or type * and press Enter, and then select the credit limits range you want to pay back stock or equity for.
In the Beginning and Ending Name Miscellaneous Field 1 - 6 boxes, click Lookup or type * and press Enter, and then select the name miscellaneous field 1-6 range you want to pay back stock or equity for.
In the Beginning and Ending Equity Source Code box, click Lookup or type * and press Enter, and then select the equity source code range you want to pay back stock or equity for.
Click OK.
In the Use This Range? box, type Y.
In the Beginning and Ending Other Reference Number box, type a range of reference numbers.
In the Beginning and Ending Transaction Date box, type a date range for the payback transaction date.
In the Equity Payback Percent box, type the percentage of equity you want to payback.
Click Next.
At the Do You Want These To Be The New Default Parameters? prompt, click No.
In the Transaction Date box, type the date of the transaction if different from the default.
In the Percent Paid By Check, press Enter to accept the default of 100%. If you want to write off a portion of stock/equity and paying the remainder by check, you can enter a number less than 100; in this case, the write off portion of the payback will be posted to the Stock Adjustment account.
In the Minimum Check Amount box, type the least dollar amount a check can print for.
Note that is a minimum check amount is NOT met, then nothing is paid back for this patron and his stock is left intact. There is no cash or equity adjustment for this patron.In the Payback All Stock? boxes for each stock class, type Y to payback, or type N to continue without a payback.
In the Stock Credits? boxes each stock class, type Y to payback, or type N to continue without a payback.
Click OK.
Learn more about Stock/Equity Payback:
