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How to Distribute a GIC

This article explains how to distribute a GIC to a beneficiary.

Updated over a week ago

Method 1: From the Assets tab

  1. Navigate to Assets.

  2. Click on the GIC line.

  3. Select Distribute.

  4. Enter:

    • Transaction date

    • Money type

    • Value (full or partial)

    • Beneficiary

  5. Click Save.


Method 2: From the Distributions page

  1. Navigate to Distributions.

  2. Select:

    • Distribute Item or

    • Distribute Cash

  3. Enter:

    • Value

    • Beneficiary

  4. Click Distribute.


What happens after distribution?

  • The GIC’s market value updates

  • The transaction appears in the Distributions section

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