PBS, Inc. is no longer actively
marketing this product
Investment Club Accounting System
Copyright
1997 © by Larry Hanson, PBS, Inc.
Designed to bring Mutual Fund
Accounting Techniques
to Investment Club
Management
Overview
ICAS, Investment Club Accounting
System, copyright 1997, is a Microsoft Windows based application designed to
handle the unique accounting requirements of Investment Clubs. The application
is written in Microsoft Visual Basic and uses Microsoft Access databases.
ICAS is a standalone program that
does not interface with the internet. Therefore, it cannot be used to download
current investment data such as stock prices or dividend distributions. All
investment and club member data required by ICAS is entered through the
keyboard. ICAS does not prepare tax returns or create tax specific information.
However, some ICAS reports could be useful in preparing tax returns.
Main
Menu Screen
Easy
to Use
The intuitive and logical screen
design makes it easy for you to successfully track and monitor your Investments
and Memberships.
Membership
Information
Have at your fingertips the status
of each Member's account including units and allocated dividends and
appreciation. Also, review the dollars available for withdrawal as determined
by your Clubs' withdrawal policy.
Investment
Information
The system allows you to update
investment data as frequently as required. Investment status may be reviewed on
demand. Provides for printing reports for Club Officers and members
Additional
System Features
Password Protection
Special Administrator
Functions
Fiscal
Year Update
Support
and Updates
Rate
of Return
ICAS
Benefits
ICAS was developed to meet the
unique accounting requirements of Investment Clubs. It provides for managing a
club with up to 40 members and an associated single pool of investments.
Members may have different equity
positions in the club and may make contributions of differing amounts. Each
member holds units in the club similar to a mutual fund. New members and
contributions to existing memberships "buy" units at the current unit
price. Units are re-valued at the close of each business month. If allowed by
the club, withdrawals "sell" units at the current unit price.
An exclusive Vote Screen allows
members to vote their units on club business decisions.
Investment
Update Screen
Investment
Management Features
Interest earning investments
Equity and
mutual fund investment with gains or losses, dividends, shares and NAV and
share prices
Managed
investment accounts
"Escrow"
accounts for temporary storage of funds committed for withdrawal
Add new
investments
Add new
funds to existing investments
Transfer
funds between existing investments
Withdraw
funds from existing investments
Track 52
Week high and low prices
Track Club
high and low prices
Track P/E
ratios and ratings
Print
monthly statements
Print a
"summary page" for each investment
Print a
"data entry form" to aid in collecting and entering data for the new
month
Maintain a
"time stamped" audit trail of every transaction
Update
Member Screen
Membership
Management Features
If allowed by
club rules, calculate funds available for withdrawal for each member including
unused funds from prior years
If allowed,
withdrawals "sell" units at the current price
Print
monthly statements
Print a
"summary page" for each membership
Print data
entry forms to aid in collecting and entering new data
Maintain a
"time stamped" audit trail of every transaction
Provides for
voting on club business according to each member's unit holdings with the Vote
Screen
Sample
Program
A 90-day functional sample program
and an ICAS manual are available by sending a check for $20.00 to PBS, Inc. at
the address below. Data specific to your club may be entered into the sample
program database and will be used by the licensed version of ICAS when
purchased.
ICAS
Requirements
ICAS requires a PC with Microsoft
Windows 95 ® or higher and approximately 2MB space for the program and database
on the hard disk.
The
Development of ICAS
Larry Hanson, who worked for IBM
Corporation for 32 years, designed and developed ICAS. Other products include
EAS, an Endowment Accounting System and EAS-T, a Donor Tracking System. Both of
these applications are intended for non-profit organizations.