Allocating Based on Patronage Activity

Overview

Use this job aid to allocate a refund in the form of cash, stock, stock credits, equity or general reserve. The allocation will be based on patronage activity  accumulated during a specified date range.

To allocate based on patronage activity:

1. From the Toolbar, click PAT for Patronage.

2. From the Patronage menu, select Patronage Transactions, and then select Source Allocation.

3. In the Total Amount to Allocate box, type the total dollar amount you want to allocate among your stockholding patrons.

4. In the Based On box, type 3 for Patronage Activity.

5. Click OK.

6. In the Period Beginning and Ending Date boxes, type a new date range if different from the default.

7. Click OK.

8. In the Preview Run box, type Y to calculate the allocation, but will only update the Source Refund Rate in the Patronage Code file, or type N if you want to update files and create vouchers.

9. In the Equity Source Code, click Lookup or type * and press Enter, and then select the equity source code you want to allocate.

10. In the Update Alternate Source Refund Rate? box, type Y to adjust the Alternate Source Rate for each patronage code, or type N to indicate that you adjusted the Alternate Source Rate for each active patronage code based on your own calculations.

11. Click OK.

12. At the Is This Correct? box, click Yes.

13. Click OK.

Learn more about Source Allocation feature: