In the Book Preferred Stock panel, you can book a preferred stock transaction for offering costs for a closed-end fund that uses preferred shares processing. You can define offering costs when you enter an Issuance type transaction.
To manually book an offering cost for preferred stock:
- In Accounting Center, in the left navigation pane, click Fund Accounting > Cap Stock > Transactions > Book Preferred Stock.
You see the Book Preferred Stock panel. - In the Entity ID, Entity Name, and Share Series fields, select the entity identifier, entity name, and share series code value for the transaction.
- In the Trade Date, Accounting Date, and Settlement Date fields, specify the date values for the transaction.
- In the Transaction Type list, click Issuance.
- In the Offering Cost box, define the offering cost amount for the transaction.
- Complete the remaining options on the Book Preferred Stock panel.
An example follows. - Click Submit.
An example follows that shows the Accounting Journal report entries for the transaction.
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