Cycle and Shares

Open a savings cycle, set the share price and record share purchases.

Workflow

  1. 1

    Open a cycle

    Under Kikundi open Cycle & shares and choose Open a cycle. Enter Starts on, Ends on, the Share price and any Notes, then choose Open cycle. One cycle runs at a time, and it copies the constitution's rules.

  2. 2

    Read the cycle

    The page shows the Cycle number, Share price, Shares bought and Days left. Cycle settings holds the per-meeting share band and the loan multiplier; choose Save after a change the members agreed.

  3. 3

    Record a share purchase

    Choose Buy shares, pick the Member, enter the number of Shares (whole shares within the band), the Cash account and the Receipt reference, and choose Record shares. At a meeting you can record shares from the Kikao tab instead.

  4. 4

    The loan ceiling

    A member may borrow up to a multiple of their shares, set by the cycle's loan multiplier, so shares must be recorded against the right member.