Investment Club Accounting Comparison

myICLUB.com makes it easy to switch from Bivio.com with Club Concierge service to smoothly transition to a full suite of tools. Compare myICLUB vs. Bivio to see which website and club accounting software is right for your investment club's accounting, administration, operations and communication needs.
Feature myICLUB bivio Economy bivio Preferred
Basic Accounting
Unit based system Y Y Y
Multiple user defined cash accounts Y Y Y
Sub-Categorize expenses N Y Y
Allow non-deductible expenses Y Y Y
Allow equal allocation of expenses Y Y Y
Cash charitable contributions Y Y Y
Appreciated stock donations to charities Y N N
Brokerage transaction downloads Schwab, E*Trade, Fidelity, Interactive, TDAmeritrade Schwab, Edward Jones, E*Trade, Fidelity, Interactive, Merrill Lynch, TDAmeritrade Schwab, Edward Jones, E*Trade, Fidelity, Interactive, Merrill Lynch, TDAmeritrade
Member and Investment Transactions
Utilizes saved valuation system Y "Rolling" valuations "Rolling" valuations
Default member contribution and fee amounts Y N N
Automatic lookup of ex-dividend dates Y Y Y
Automatically acquire security valuations Y Y Y
Allocates return of capital correctly between lots Y Y Y
Autofill dividend & ex-dividend date details Y Y Y
Short sales, options, covered calls N N Y
Unlimited annual transactions Y N / 250
Fee for additional transactions
N / 400
Fee for additional transactions
Withdrawals
Complies with BI recommendations regarding valuing member withdrawals Y Not Automatic Not Automatic
Member withdrawal scenario calculator Y N N
Allows payoffs using stocks Y Y Y
Correctly handles distributions in excess of basis Y Y Y
Handles valuation in one year, payment in next year Y Y Y
Reports
Link BI Online Tools SSGs to Portfolio Reports Y N N
ROI drill down for individual stocks and members Y Y Y
Capital Gains/Losses Report Y Y Y
Securities Dividends Report Y Y Y
Tax Lot report for current portfolio holdings Y Y Y
Benchmark comparison to S&P and other indexes Y Y Y
Consolidated Monthly Report Y N N
Sold Securities Report Y N N
Display performance figures on Valuation and Member Status Reports Y N N
Print Member Mailing Labels Y N N
Export member addresses for mailmerge Y N N
Option to include sold & repurchased stocks in return calculations Y N N
Export reports as PDF files Y N N
Export reports as Microsoft Word files N N N
Export reports as Microsoft Excel files N Some Some
Club Expenses Report Y Y Y
Portfolio Diversification Reports Y N N
by company size Y N N
by sector/industry Y N N
Portfolio Diversification Graphs Y N N
by company size Y N N
by sector/industry Y N N
Portfolio Heatmaps Y N N
Wide array of portfolio management reports (other than those listed) Y N N
Stockwatcher assignments & reports Y N N
Taxes
E-filing Federal 1065 tax return Y N N
E-filing State tax return Y
CA, MA, NJ, PA, WI, NY
N N
State replacement tax forms approved by all state tax agencies Y N N
Member of National Association of Computerized Tax Processors (NACTP) Y N N
Short year final tax return Y Y
Additional fee applies
Y
Additional fee applies
Can generate forms for more than 1 state Y Y
Additional fee applies
Y
Additional fee applies
Ease of Use
Printed manualĀ available Y N N
Wizards for common tasksĀ  Y N N
User determined start date for reports Y N N
Simple entry of complex Merger-with-cash transactions Y N N
Context-sensitive help Y N N
Automatic transaction audit Y Y Y
Able to edit from transaction journal report Y Y Y
Does not require year end distribution of units Y Y Y
Automatic lookup of ex-dividend dates Y Y Y
Automatic allocation of earnings N
(But created for tax forms)
Y Y
"Sticky" user-set dates on reports N Y Y
Additional Features
Club private mailing list/message board Y Y Y
Club mailing list/message board search Y N N
Club file storage Y Y Y
Club file storage recycle bin Y N N
Club file storage takeout download (as single zip file) Y N N
Publish files to the public Y Y Y
Easily import data from competitor Y Y Y
Regular training webinars Y Y Y
Stockwatcher assignments & reports Y N N
Link to Yahoo! Finance for portfolio research Y Y Y
Stock quotes, research & links Y For limited tickers For limited tickers
Club voting tools Y N N
Continually updated help for merger, spinoff, and split transactions Y N N
Online knowledgebase of frequently asked accounting questions Y N N
Club Watch List Y N N
Club Calendar w/Outlook & Google integration Y N N
Two-factor authentication Y N N
Automatic club data backups Y N N
Officially Endorsed by BetterInvesting Y N N
Cost
Annual Subscription (1 Year) $87.99 $149.00 $179.00
Annual Subscription (2 Years) $142.99 $298.00 $358.00
Federal tax return preparation $99.99
$89.99 w/Early Bird Discount
Included
Included
State tax return preparation $99.99
$89.99 w/Early Bird Discount
(CA, CO, NY, NJ, PA, AZ, GA, IA, OR, IN, MD, MN, MO, WI, MA)
$89
(CA, CO, NJ, NY, PA only)
+ $5 fee/member over 10, additional states $89 from 3rd party provider
Included
(CA, CO, NJ, NY, PA only)
$89 +$5 fee/member over 10 for other states from 3rd party provider
Unlimited annual transactions Y N / 250
Fee for additional transactions
N / 400
Fee for additional transactions
Feature myICLUB bivio Economy bivio Preferred
Based on the information available to us as of 7/28/2021, we believe this page to be a factual representation of the products shown. Product features may have changed since that date. If you believe any part of the above comparison to be incorrect, we'd like to know. Please email us at askdoug@iclub.com.