Surplus & Member Returns

Distribute the year's surplus as dividends on shares and a profit-based bonus on savings.

Workflow

  1. 1

    Create a draft

    Under Surplus & Member Returns, choose New draft for the financial year. The statutory reserve is set aside before any distribution.

  2. 2

    Calculate and approve

    Calculate member lines on shares and savings, then approve by citing a resolution passed at a closed general meeting and the regulator's approval reference.

  3. 3

    Post to members

    Post through approval. Members with no open account are owed a benefit that a teller pays out from a till.

See it in Adili

Follow the screen, step by step

The examples use safe training data. Names and amounts in your account will be different.

Create a draft

1 Create a draft

What to do

  1. 1. Under Surplus & Member Returns, choose New draft for the financial year. The statutory reserve is set aside before any distribution.
  2. 2. Calculate member lines on shares and savings, then approve by citing a resolution passed at a closed general meeting and the regulator's approval reference.
  3. 3. Post through approval. Members with no open account are owed a benefit that a teller pays out from a till.

You should see

The reserve is at least the by-law percentage.