Sell Stock Screen

Issuer

This field displays the issuer of the stock. To edit this information, edit the payment.

Date of sale

Select the date you sell the stock.

Sale amount

Enter the amount you receive from the sale of the stock.

Fees

Enter the amount you pay to sell the stock, such as to an agent who helps you find a buyer. If you include the revenue in a Post to GL process, this amount posts as an expense, separate from the loss or gain amount.

Units sold

When constituents donate a payment of stock to your organization, they can contribute multiple shares, or units, of the stock. Enter the number of units of the original contribution of stock sold.

Price per share

Enter the low, median, and high prices per share when you sell the stock.

GL post status

Specify the post status of the revenue in the general ledger. To have the program automatically post the payment when you next run a Post to GL process, select "Not Posted." To not post the payment to the general ledger, select "Do Not Post."

GL post date

If, in the GL post status field, you select "Not Posted," this field is enabled. Select the date you sell the stock.

If you select "Do Not Post," this field is disabled.

Loss/Gain

In the Loss or Gain field, the program automatically calculates and displays the amount gained or lost from the sale of the stock. If you include the revenue in a Post to GL process, this amount is the amount that posts to the general ledger.

If the sale amount is greater than the unsold amount, the Gain field appears and displays the amount of revenue gained in the sale of the stock.

If the sale amount is less than the unsold amount, the Loss field appears and displays the amount of revenue lost in the sale of the stock.

Units remaining

This field displays the number of units remaining from the original contribution of stock after the sale of stock.

Adjustment post date

When you edit information about sold stock with a GL post status of “Posted” and the change affects the general ledger, this field is enabled. By default, the program automatically enters the current date in this field. Enter the date to associate with the posting of the adjustment in the general ledger.

Adjustment date

When you edit information about sold stock with a GL post status of “Posted” and the change affects the general ledger, this field is enabled. By default, the program automatically enters the current date in this field. Enter the date to associate with the adjustment to the payment.

Adjustment reason

When you edit information about sold stock with a GL post status of “Posted” and the change affects the general ledger, this field is enabled.

Select the reason code to explain the need for the adjustment. For information about reason codes for revenue adjustments, refer to Reason Codes.

Adjustment details

When you edit the gift fee for a payment that has posted to the general ledger, this field appears. Enter any additional information about the adjustment.