The Information Technology, Inc. Stockholder Accounting System (SHS) provides an institution with the tools to monitor the purchase and sale of its stock. Up to nine different stock plans per institution may be designed to facilitate management of different common and preferred stock offerings.
SHS provides a thorough record of stockholders and stock plans. Cash and stock dividends are automatically disbursed. Certificate buys and sells are easily managed. Stock splits are easily modeled or actually performed. And, proxy mailing and tracking is completely accounted for.
Features
The Stockholder Accounting System is customized for each institution through the use of individually defined parameters. These parameters allow each institution and stock plan to maximize use of the following features:
- Central stockholder accounting
- Plan level controls
- Proxy tracking
- Dividend modeling
- Automatic dividend payments
- Stock split modeling
- Automatic stock splits
- Online transaction input
- Display terminal reporting
- Stock reporting
- Account statements
- Printing stock certificates
- Year-end reporting
Plan Level Controls
Multiple Stock Plans - Up to 9 different stock plans per institution may be designed to manage Common A, Common B, Preferred A, Preferred B and other stock plans.
Each plan is independent of the others.
BAS accommodates five general categories of securities: Interest Bearing Bonds, Interest Discount Bonds, Mortgage Backed Securities, Deposits, and Stocks/Funds.
Dividend Modeling
"What if?" Scenarios - What would be the effect of paying dividends at this time? TEST it and find out.
Each plan may be modeled individually for proposed dividend payments.
No permanent information is updated, and the TEST reports provide decision-making criteria.
FASB 115 Market Value Reporting
FASB standard #115 calls for valuing securities in the general ledger at either market or book value, depending on whether the security is categorized as "Held To Maturity," "Available For Sale," or "Trading." Unrealized gains and losses are integrated with asset, income, expense and reserve accounts in the General Ledger.
