--- title: "Adjust/Transfer Shares" canonical: "https://kb.myframeworks.com.au/space/PROSTIXV48DOC/31099862/Adjust%2FTransfer%20Shares" format: markdown --- The Adjust/Transfer Shares option allows you to relocate shares from one account to another. If you move the shares to a specified general ledger account, this is called an adjustment. I f they are allocated to another shareholder, this is called a transfer . To Adjust or Transfer Shares, perform the following: 1. From the ProStix Main Menu select ' Shareholder Register ' then 'Transaction Processing' then 'Adjust/Transfer Shares' . 2. The 'Customer Shareholder Program' screen is displayed. 3. Type the Shareholder Program name, then select enter. Search is available. 4. The 'Adjust/Transfer Shares' screen is displayed. Refer to the 'Adjust/Transfer Shares' collapsible link below for a screenshot and an explanation of the options: 5. Typing the Customer No. opens a window displaying the shareholder's name and the number of shares that they hold. 6. If the To Customer is already a shareholder in the specified share program, this customer's details are displayed below the From Customer details. The share balances displayed do not reflect any pending share transactions for the shareholders. If any such transactions exist for either customer, a warning appears near the base of the screen. If the To Customer is not a shareholder, transferring shares to them makes them a shareholder. The system notifies the user of this and prompts to continue. 7. Once the details have been entered, enter a password in order to authorise the transaction. W hen the transaction has been approved, ProStix displays the share values that ensue and prompts you to confirm. 8. If you elect to continue, ProStix prints a Shareholder Approval form to a printer selected by you. ProStix then asks if the customer has signed the Shareholder Approval form. i. If you type ' Yes ', the transaction(s) that ProStix creates has a status of 'Pending'. ii. If you type ' No ', the status is 'Suspended'. For further information, refer to Change Transaction Status