One of the toughest parts of being an investment club treasurer is the entry of complicated merger or spinoff transactions in the club's books.

While Synovus Financial's recent spinoff of Total System Services or Marshall & Illsley's spinoff of Metavante Technologies may have been pretty straightforward transactions, we're seeing more and more companies coming up with unusual corporate events.

Last year's Florida Rock/Vulcan Materials merger had three possible outcomes, depending on whether you elected to receive cash, stock, or a combination of both for your initial shares. And the Transocean and GlobalSantaFe Corp. merger included the reclassification of the Transocean stock.

No matter whether or not a spinoff or merger is unusual or not, you can count on ICLUBcentral to provide you with assistance in entering these transactions into our Club Accounting 3 or myiclub.com programs. Rip West, our Resident CPA, works to come up with easy to use instructions for unusual transactions, which you can find here on the ICLUB.com web site.