You can sell stock in Records or in Batch:

In Records:
  1. In Records, click Constituents
  2. Click Open a Constituent and search for and select the appropriate constituent.
  3. On the Gifts tab, open the stock gift to be sold.
  4. Select Gift, Sell Stock/Property from the menu bar.
  5. Enter the appropriate information:
    • Enter the date the stock was sold in the Date of Sale field. The Date of Sale defaults to the current date.
       
    • In the Sale Amount field, enter the amount for which the stock sold. This amount should be the sale amount before paying any fees. The Stock Value is the default.
       
    • The Post Status prompt tracks whether or not the sale of stock transaction has been posted to General Ledger. The default is Not Posted.
       
    • In the Broker Fees field, enter any fees charged to your organization for the sale of the stock.
       
    • In the Comments field, enter any appropriate notes to further define the sale of the stock.
       
  6. Click OK.
  7. Save and close the gift.
     

In Batch:

  1.  In Batch, click New Gift Batch. 
  2. On the Fields tab of the Batch Setup screen, select:
    • ​Issuer
    • Issuer symbol
    • Issuer number of units
    • Issuer median price
    • Sale of stock date
    • Sale of stock amount
    • Sale of stock broker fee
    • Sale of stock GL post date
    • Sale of stock GL post status
  3. Click Data Entry. The Data Entry screen appears.
  4. Enter the first stock gift:
  • In the Constituent Name field, click the binoculars to search for a constituent and click Open.
  • In the Amount field, enter the amount of the stock/property gift.
  • In the Date field, enter the gift date.
  • In the Type field, select Stock/Property.
  • In the Fund field, select a fund to which the gift will be applied.
  • In the GL post date field, enter today's date and in the GL post status field, select Not Posted.
  • In the Issuer field, enter the issuer of the stock/property gift.
  • In the Issuer symbol field, enter the symbol for the issuer who gave your organization the gift.
  • In the Issuer number of units field, enter the number of units donated.
  • In the Issuer median price field, enter the amount each share is worth.
  • In the Sale of stock date field, enter the date you sold the stock.
  • In the Sale of stock amount field, enter the total amount for which the stock sold.
  • In the Sale of stock broker fee field, enter any brokerage fees that should be deducted from the sold amount.
  • In the Sale of stock GL post date field, enter today's date and in the Sale of stock GL post status field, select Not Posted.
  1. Save and commit the batch.
 
Additional Information:
  •  What journal entries are created for stock gifts? 
  • It is per IRS regulations that the value (entered on the Gift tab of the gift record) remains unchanged. Per the IRS regulations (Publication 561): 'The value of stocks and bonds is the FMV [Fair Market Value] of a share or bond on the valuation date.' Therefore, the value of the donor's gift of stock does not fluctuate with stock prices.