Transferring Equity

Overview

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

To transfer equity:

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.
Select Equity.
In the Equity Source Code box, click Lookup or type * and press Enter, and then select the equity source code.
Click OK.
The Transfer Amount for the equity source code you selected displays.
Click OK.
At the Transfer This Equity Record? prompt, click Yes.
In the Number of People Receiving Transfer box, type the number of recipients (up to 48) that the equity will be distributed to.
Click OK.
In the Name Id __ of __ box, type the first recipient the equity will be transferred to. If you are splitting the equity among more than one recipient, you will receive this prompt until 100% of the equity is transferred.
Click OK.
If you are transferring the equity to more than one recipient, in the Percent box, type percentage of equity you want to transfer to this recipient.
Click OK.
If you are transferring the equity to more than one recipient, the Amount box displays the dollar amount for this recipient.
Click OK.
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: