Announcement

Collapse
No announcement yet.

How to handle IPO/Rights application for Traded Bond in PMS and Accounts in MProfit?

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • How to handle IPO/Rights application for Traded Bond in PMS and Accounts in MProfit?

    1. Go to Accounts and click on New Ledger.





    2. Create a new ledger "Payment for IPO Shares/Debentures" under Current Assets Group.




    3. Make JV entry with Debit to "Payment for IPO Shares/Debentures" and Credit to "Your Bank".

    Click on Journal voucher.







    4. Go to PMS portfolio, Right Click on Traded Bonds Asset > Other Transactions > Off-Market Trans.(IPO,Part Payment,Op.Bal..)




    5. Once you get the IPO/Right Issue window, Click on New button to add the Asset (Company Name) and Click on Ok.







    6. Enter all the information and Click on Save.




    7. Go to Accounts. You will see the Unassigned Bank/Ledger (This is the IPO/Right Issue entry you have done from PMS).




    8. Double Click on Unassigned Bank/Ledger and open it. Right Click on the entry and select "Assign Bank or Ledger for this PMS transaction". And assign it to "Payment for IPO Shares/Debentures" Ledger.








    9. When you will receive the remaining amount you need to assign it to "Payment for IPO Shares/Debentures" ledger.

    If you are importing Bank statement you can simply assign the entry to "IPO/Rights Share Application" ledger. OR you can manually create one JV with Debit to "Your Bank" and Credit to "IPO/Rights Share Application" ledger.


Working...
X