Stock Gift Module Features and Benefits

The Stock Gift Module adds major functionality to the FIMS development system, supporting the entire process of booking a security, communication with the broker and recording the sale. We have highlighted some of the features and benefits of this module below. For a more complete description of what the Stock Gift Module has to offer, please download our product sheet.

• Default securities revenue and asset accounts: Default securities revenue and asset accounts integrate with the General Ledger. Because FIMS employs default accounts, you enter every transaction only once, reducing data entry and improving accuracy. Although the gift post creates General Ledger Journal entries, the person entering the gift does not need to know debit and credit accounts for routine contributions.
  
  
• Broker/attorney links to stocks: By linking brokers and attorneys to stocks, FIMS creates a complete communications system for reporting and exporting purposes.
  
  
• Tracking of sale of a restricted stock: An editor field tracks the stages of a restricted stock that has special Securities and Exchange Commission conditions attached to it regarding its resale.
  
  
• Donor and Gift Management integration: Entering a transaction only once reduces data entry and improves accuracy. Although the gift post creates General Ledger Journal entries, the gift entry person does not need to know debit and credit accounts for routine contributions.

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