Following are the steps for entering the 20 for 1 Amazon Stock split in 2022.
To enter a new Stock Split transaction in Club Accounting Online
Select Accounting > Securities > Stock Split
Date- type the date directly into the Date field. For most clubs this will be 06/01/2022, but follow the date on your broker statement, if it's different
Symbol- From the drop-down list, choose the Parent company, Amazon (AMZN).
Click continue to move to the next page.
Shares After Split- Enter the number of shares in the stock you own after the split, including any fractional shares. This was a 20 for 1 stock split, so simply multiply the number of shares you had before the split, by 20, and enter the result.
Note: If your statement shows a whole number of shares but this field shows a whole number plus a fractional amount, such as 180.25, the program is not wrong. You should have received cash for the fractional share, which is entered in the next field below. Club Accounting will record the sale of the fractional share for the amount entered in the Cash Payment for Fractional Share field and the club will be left with a whole number of shares.
Split Ratio- This was a standard split, resulting in more shares than the club started with. If you entered the Shares After Split correctly, the software will fill this out for you, and show 20 for 1.
Cash for Fractional Shares- Enter any cash received in place of a fractional share. The site will automatically enter a Sell transaction for the fractional share for you for this amount and any fractional share entered in the Shares Received field.
Account- select the account to receive any cash-in-lieu from this transaction. The drop-down list includes all active accounts.
