The myICLUB.com broker sync is designed to connect to your brokerage, and download securities transactions, for as many days as you specify. The information on the following pages goes into more detail, but here are the basics:
1. Broker Sync connects and downloads Buy, Sell, Dividend, and other transactions for securities. It does not download member transactions, so you will still need to manually enter deposits, withdrawals and expenses.
2. Broker Sync checks the downloaded transactions vs. anything already entered in the club books. If the transaction details match exactly, the downloaded transaction is ignored. If there are differences, broker sync imports the transaction, so be careful about importing for dates you have already made entries.
3. Broker sync is a one-way process, so entries you make manually in the accounting records are not sent back to the broker
4. Broker sync must be triggered by the club, it will not automatically connect to the brokerage.
This page allows you to start the import process of records from several online brokers:
If you click the Backup my data and continue, the myICLUB.com system will make a backup of your records in the Backup Manager, and then take you to the next page, to choose which broker you are working with.
If you click Continue without backup, the site will simply take you to the next page, where you will select the broker you want to import data from.
