Used with WolfePak Investor G/L Only
*100PC Investor is a special purpose Sub-Account for Cash Basis companies who want to track 100% numbers Accrual Based Revenue Entries. It is used to create the 100% Accrual Based entries in another set of books. On the Investor Entry screen, enter the Sub-Account *100PC (this Sub-Account is a special Sub-Account that does not show up in Sub-Account Maintenance). Make sure you select the Investor Company to record the entries into.
Note that the Billing-General Tab is gone from Investor entry screen, the entries are intended for revenue only.
When a cycle is run and updated, entries for 100% will have entries created even if the owner(s) are in suspense. Stays in Cash Basis company as suspense, but in the accrual company (receiving company) true 100% are created regardless of the pay suspended status sending books Division of Interest.
Notes:
•For Individual investors (i.e. not 100%), suspended items do not create entries until the owner is paid.
•Setup to track a summary level for a partnership for all of the partners. You will be able to run financial statements for the partnership level group. Typically set up with individual Investor Interface for each of the partners.
