Your MYOB software isn't specifically designed to track the buying and selling of shares, but it's flexible enough to be customised for this purpose. We'll step you through one method you can use to ...
Updated 9 years ago
Version 1.0
Blog Post
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