Question
Why are the paid amounts on shares not correct in the Allotments Table?
Answer
As ASIC only records the total amount paid on all shares, NowInfinity uses the following formula to distribute the paid amounts for each Shareholder.
Total amount paid/total number of shares x number of shares owned by the shareholder
The paid amounts can be manually amended, if needed, via the Allotments Table on the shares page of the Companies Profile. Click here for more information.