John_P's avatar
John_P
Former Staff
9 years ago
Status:
Archived

Accounts: Return of Capital Share distribution

Is there any chance that MYOB Account Right can be updated to handle Shares distribution of Return of Capital.

 

Some clients receive a Return of Capital to go towards previous Share parcel purchases. Lots of Banks and other major Shares purchased will distribute a Return on Capital. Some clients end up buying up to 30 parcels of shares over period of time. When the Return of Capital is later to be spread across the parcel purchases, this has done as ratio of each parcel held. A single payment received from Shares would then have to be manually calculated to be distributed across the entire parcel purchases.

 

There's a lot of time spent handling these types of transactions.

 

Thanks,

 

John P

Accounts
  • FZ's avatar
    FZ
    Cover User
    7 years ago

    how do you record a distribution that is a return of capital &s how do you modify the Purchase order so that the reduced share cost is then reflected in the item cost.

     

    Thanks

  • Steven_M's avatar
    Steven_M
    Former Staff
    7 years ago
    Status changed:
    New
    to
    Archived

    Thank you for the idea. Unfortunately, this request has had no support from the community since it was submitted, so we are moving this idea to the Archived status. For more information on Idea Statuses, please read this article: Changes to our Idea Exchange pages