Book Preferred Stock Issuances

In the Book Preferred Stock panel, you can book an issuance transaction for a closed-end fund that uses preferred shares processing. 

To manually book an issuance for preferred stock:

1. In Accounting Center, in the left navigation pane, click Fund Accounting > Cap Stock > Transactions > Book Preferred Stock.
   You see the Book Preferred Stock panel.

2. In the Entity ID, Entity Name, and Share Series fields, select the entity identifier, entity name, and share series code value for the transaction. 
   Ensure you select a closed-end fund eligible for preferred shares processing.

3. In the Trade Date, Accounting Date, and Settlement Date fields, specify the date values for the transaction.

4. In the Transaction Type list, click Issuance. 

5. Complete the remaining options on the Book Preferred Stock panel.
   An example follows.

   Open

   

6. Click Submit.

An example follows that shows the Accounting Journal report entries for the transaction.