Seraf enables you to record a stock/unit split or reverse split to show an increase or a decrease in the number of shares/units held in a particular round of stock or units in a portfolio company.
To record a stock/unit split:
- Use the “Add New” button on the left side menu bar from any page in your account to quickly add a transaction for a company.
- Select the Account the transaction is associated with, using the drop-down list, when relevant. If Enterprise, select the investor for whom the transaction is, and select an investment account, when relevant.
- Select the Company from the drop-down list.
- Select the Round from the drop-down list.
- Select Stock/Unit Split for the Transaction Type from the drop-down list. A series of additional relevant fields will appear.
- Enter the Date the transaction occurred or best estimate.
- Enter a ratio for the number of New Shares per Old Share. (This is the new number of shares received for every share previously owned. For example, if you receive 5 new shares for each old share, enter the number “5”. If you receive 1 new share for 5 old shares, enter the number "0.2".)
- Enter a Memo with any important notes related to the Transaction.
- Save your entry.
Keep in mind that for each stock/unit split you record, you'll need to create a transaction for each of the rounds you hold. So, if you hold shares of Series A, Series B, and Series C, you'll need to record a transaction for each round. Similarly, if you invest under multiple entities, you'll need to record a transaction for each entity that has a holding. Plus, you may need to enter a new round or valuation to reflect the new share price of those shares.
The best spot to see a summary of your holdings for a particular company is the Investment tab within the company profile. Enterprise accounts will need to Update Calculations in order to see the updated records.
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