Selling Stock

Overview

Use this job aid to sell any of the five classes of stock to any patron who does not already own the maximum shares allowed for that class of stock. If you have Patronage set to integrate with Accounts Receivable, an invoice will be generated for each stock sale transaction.

To sell stock:

1. Review all responses to Patronage Setup Information including Stock Class Information and System Integration.

2. If you've added new invoice types in System Integration, add the invoice types in Accounts Receivable, Setup Information, Invoice Types, and Add/Edit Invoice Types.

3. From the Toolbar, click PAT for Patronage.

4. From the Patronage menu, select Patronage Transactions, and then select Stock Sales.

5. In the Patron Name Id box, click Lookup or type * and press Enter, and then select the name id.

6. Click OK.

7. In the Stock Class box, type the letter A, B, C, D, or E to identify which type of stock you are selling.

8. Click OK.

9. In the Sales Amount box, type the net amount due from the stock sale. If you integrate with A/R, this is the amount that will be transferred as an invoice.

10. Click OK.

11. In the Certificate Number, the next available stock certificate number is assigned. The Patronage system maintains a unique range of certificate numbers for each class of stock.  Therefore, you can use a certificate number more than once as long as it is assigned to a different class of stock.

12. In the Transaction Date box, type the date of the transaction if different from the default.

13. Click OK.

14. Click Back.

15. Click OK.

Learn more about the Stock Sales feature: