Funds & equity

The funds surplus is set aside in, and the statement of changes in equity.

Workflow

  1. 1

    Check the funds

    Under Funds & equity each fund takes its share of the year's surplus. The regulation gives the default and the limits: the statutory reserve never below 20%, the share transfer fund never above 15%.

  2. 2

    Set the society's own figures

    Change a percentage, change where a fund stops growing, or switch off one the by-laws do not use. The bad debt fund stops at 15% of loans outstanding and the share transfer fund at 10% of share capital, so a fund at its cap takes nothing more.

  3. 3

    Opening balances and spending

    Record what each fund held before Adili, and pay out of a fund against a payment voucher from a branch till. A fund is never taken below nothing, and the statement of changes in equity shows every column.