How to add owners to a horse or adjust an owner's ownership share in a horse

How to add owners to a horse or adjust an owner's ownership share in a horse

There will be times when you need to adjust an owner's ownership share in a horse.  This could be because the owner sold their shares to another owner, or a new owner has purchased shares so the other owners' shares need to be adjusted.  

1. On your Prism dashboard, click on the Horse tab to see your Horse List page.



2. Select the horse you want to update from the list on the left hand side.



3. Scroll down to the horse's Owner section, click Edit Ownership button. 



4. The Edit Horse Ownership window will be shown.  All the current owners of the horse will be displayed.



  1. Before editing the owners' share(s), specify the adjustment date (the date for the ownership change will be applied);


The Adjustment Date is the date of Sale. Owners you add will be billed the day after this adjustment date.  For example,  if you wish for the billing to be effective on the 1st of May, you will need to set the Adjustment Date to 30 April.  

The exception to this rule is if there are no previous owners for the horse.  For horses with no previous owners (this is the first time you are entering owners for that horse) the Adjustment Date should be set to the date the ownership takes effect.  For example, if you want the billing to be effective on the 1st of May, then the Adjustment Date will have to be set to the 1st of May.
  1. Review and adjust the share % owned as required, adding share % ownership in the +% column, and reducing share % ownership in the -% column;



  2. Add new owner(s) to the horse ownership and their share percentage owned, one at a time via the Add button.



  3. Ensure you maintain the total share ownership at 100%;



5. Click Save to finish the process.



Notes:
  1. If you adjust the ownership share to 0%, the owner will be moved to Others tab of the horse’s Owner section.
  2. You can’t see the owners with 0% share of the horse in Edit Horse Ownership window. But you can input their name there, enter the share percentage and add them as current owners of the horse.
  3. The transaction will be recorded in the Transaction History tab by Adjustment Date plus 1 day.
  4. If this occasion is the first time you have added an ownership share to a horse, purchase and billing dates for a horse’s owner will be calculated from the ‘Adjustment Date’.