| ICLUB Insider |
June 15, 2006 |
THE LATEST NEWS ON
INVESTING SOFTWARE BUILT BY ICLUBCENTRAL INC.
Summary
Does your club own XTO Energy Inc (XTO)? If they do, you
probably have a statement about the Hugoton Royalty Trust
(HGT) "spinoff." Rip West, ICLUBcentral's resident
accountant, says this is no simple spinoff. This is a
taxable transaction. Make sure you have entered the
transaction correctly in Club Accounting! Read his
instructions at:
http://www.iclub.com/support/kb/default.asp?page=transactions
Other than lost passwords, our most common questions are about unusual stock transactions. While the majority of mergers, stock splits, and spin-offs follow the same pattern, one little change can make the difference between a few minutes of work and a few hours of research. We want to save you the work and the headache, so check our site first for the proper procedure. When a customer asks us about an unusual transaction that's not in our library, our accountant researches the problem, then we post how to enter it into the software.
Not sure if your transaction is by-the-book? Read our article, "How to Recognize an Unusual
Transaction." While there is no single guide that can give
you a definitive answer on how to treat every type of
transaction, we are committed to helping our customers
handle the strange and unusual. If it's on the list, you can
bet that it's not your typical transaction. If you're not
sure, ask Technical Support!
It's been a year since Club Accounting 3 was released, and
time is running out for users of NAIC Club Accounting 2 to
upgrade at a reduced price. Until June 30, 2006,
BetterInvesting members who use NAIC Club Accounting 2 may
upgrade to CA 3 for just $124 - a $45 savings! Act now,
because starting in July, the only way to upgrade will be to
purchase a full copy for $169.
With a new theme-based friendly user interface, Club
Accounting 3 helps you understand your club finances, print
reports, share graphs of club performance with other club
members, and prepare club taxes in accordance with federal
tax law. New features in CA 3 include wizards to walk you
through common tasks, context-sensitive help, a "reconcile
accounts" feature, automatic audit functions, an integrated
auto-updater & support verification, and much more. There
will be no federal tax printers for NAIC Club Accounting 2
for the 2006 tax year, so by upgrading today, you'll make
sure that your software is ready to prepare your club's 2006
tax returns. And support for NAIC Club Accounting 2 will end
completely on October 16, 2006, so don't wait until it's too
late!
Your upgrade purchase also includes a printed manual, along
with one full year of Club Accounting Maintenance (a $49
value) that includes all updates to the program when they
are released.
A free demo copy and more information is available on the
ICLUBcentral web site. Upgrade to the power of Club Accounting 3 today!
We're pleased to welcome Per Ostman as ICLUBcentral's new
Marketing Manager. Per is a recent graduate of Cornell
University, where he was an award-winning columnist for the
Cornell Daily Sun and a varsity letterman for the Big Red
rowing team. His past work experience includes stints with
the communications/public relations departments at Harley-
Davidson and the WNBA's Washington Mystics.
At ICLUBcentral, Per will be responsible for leading our
publicity and marketing campaigns, and will be taking over
as editor of the ICLUB Insider newsletter. We're happy to
have Per and his many talents on board with the team at
ICLUBcentral!
Come visit with members of the ICLUBcentral team at the
BetterInvesting CompuFest 2006 -- "the Only Sure Thing in Reno."
This year's event will be held at the Reno Hilton from June
23rd to the 25th. We'll be making several presentations and
workshops each day, including ICLUBcentral President Douglas
Gerlach's introductory class that covers our entire suite of
software, Ellis Traub's class on "Demystifying Judgment" and
Irving Roth's "Using Investor's Toolkit 5 to Analyze
Stocks."
Dan Abraham, ICLUBcentral's Director of Technical Support,
will join ICLUBcentral Resident CPA Rip West in the computer lab for
the duration of the event, so don't hesitate to come say
hello, ask questions, or get a hands-on look at any of
ICLUBcentral's software programs.
CompuFest will offer a host of seminars designed to help
expand your investing strategy and improve your overall
financial acumen, whether you're an experienced investor or
a brand-new club treasurer. Offerings include the Newbie
track for neophyte investors, the Family Youth Program for
young investors, and state-of-the art intermediate and
advanced seminars that discuss stock research, analysis,
screening, portfolio management, investment club accounting
and personal record keeping.
Attendees consistently rank CompuFest as one of the best-run
and highest-quality investment education events they've ever
attended. The ICLUBcentral team hopes to see you there!
For more complete information, please visit:
http://compufest2006.com
Read past newsletters, subscribe, or unsubscribe at:
http://www.iclub.com/newsletters/
© Copyright 2006 ICLUBcentral Inc. All rights reserved.
Some ICLUBcentral products use the investing methodologies of BetterInvesting, a national nonprofit organization dedicated to investor education. BetterInvesting assumes no liability or obligations with respect to the investment education information or other content presented in the ICLUB Insider. For more information on BetterInvesting, please visit http://www.betterinvesting.org.
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