Transferring Stock Credits

Overview

Use this job aid to transfer all or a percentage of stock credits from one patron to other patrons.

To transfer stock credits:

Review all responses to Patronage Setup Information including Stock Class Information and System Integration.
From the Toolbar, click PAT for Patronage.
From the Patronage menu, select Patronage Transactions, and then select Stock/Equity Transfer.
In the Patron Name Id box, click Lookup or type * and press Enter, and then select the name id.
Click OK.
In the Option box, type 1 for Stock Credit.
In the Class A through E Credits box, type the class of stock credits you want to transfer.
In the Transfer Amount box, the current stock credit dollar amount for the patron and stock class selected will display. You can change this amount.
Click OK.
In the Issue Stock? box, type Y to add the stock credits tot he recipient's stock credits and attempt to issue a share of stock, or type N to add the stock credits to the recipient's existing stock credits.
Click OK.
In the Number of People Receiving Transfer box, type the number of recipients (up to 48) that the stock credits will be distributed to.
Click OK.
In the Name Id __ of __ box, type the first recipient the stock credit will be transferred to. If you are splitting the stock credit among more than one recipient, you will receive this prompt until 100% of the stock credit is transferred.
Click OK.
If you are transferring the stock credits to more than one recipient, in the Percent box, type the percentage of stock credits you want to transfer to this recipient.
If you are transferring the stock credits to more than one recipient, the Amount box displays the dollar amount for this recipient.
If stock was issued as a result of the stock credit transfer, the next available certificate number will display in the Next Certificate box.
If you integrate with Accounts Payable, today's date will be assigned in the Transaction Date box.
If you integrate with Accounts Payable, and you issued stock as a result of the transfer, a default voucher will display in the Voucher/Control Number box, press Enter to accept the voucher number, or press Del to use the next sequential control number, or type a new voucher number.
Click OK.

Learn more about Stock/Equity Transfer: