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Thanks for the answer, Ira. I actually managed to find the original Accounting Manual from the NAIC in the files, and I can see how they do it on the ledger.

There are only 2 of us in the investment club, so I'm not terribly concerned about what happens if I get hit by a bus because either of us in that position or either of us just wanting to get out will effectively disband the club, and everything will get distributed at that point.

I knew there had to be changes over the years, and I can see where time-based allocation would be a step forward. As it is a new year, there's no real reason I couldn't change to that. I have the spreadsheet set up so that it calculates the distribution automatically. I could make some small adjustments to do it more frequently.

With our club so small, I really didn't want to have to spend the money on the software that is available.

Thanks again for all the help. I always know I can count on the folks here.
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