Transfer Shares

This transaction is used to record the transfer of shares between company members.

This transaction is also used to record the sale of a members shares to a new member. The new member can to be set up.

Control - Shares & Dividends - Add Company Member

Note that only the numbers of shares transfered is recorded in the members share register, the monetary value of the transfer is not recorded, because the value of the deal is between the two individuals and the company is not directly concerned.

Transfer From

The company member to transfer shares from.

Transfer To

The company member to transfer shares to.

Share Type

The share type list contains all share types associated with the company.

Transaction Date

The date of the transaction. Dates can either be entered manually or selected from the pop-up calendar by clicking on the Calendar icon. Dates must be entered in the format DD/MM/YYYY, for example, 01/01/2000.

When entering dates manually, a date guessing routine speeds up the input by taking the user input and assuming the missing month and or year based on the current date as the user leaves the field i.e.

the date today is 30th October 2009

Quantity to Transfer

The number of shares to be transfered between the company members.

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