Share-Out

Close the cycle: calculate each member's share, record the resolution, post, and pay out or roll over.

Workflow

  1. 1

    Before you start

    Every group loan must be repaid, no social loan open and the cash box closed. From here the cycle takes no more shares or loans.

  2. 2

    Start the share-out

    Under Kikundi open Share-out and Close cycle. Choose the Basis (In proportion to shares, or Shares at par, profit shared equally), what happens to the Social fund (Carry forward to the next cycle or Distribute with the shares), and any Amount the group keeps and what it is Kept for. Choose Start the share-out.

  3. 3

    Calculate

    Choose Calculate to see each member's line: their shares, their part of the profit, less any unpaid fines.

  4. 4

    Record the members' resolution

    Under Members' resolution enter the Resolution reference and the Meeting where it was agreed, and choose Record resolution.

  5. 5

    Post and close the cycle

    Choose Post and close the cycle. Posting goes to a checker (Posting is waiting for a checker.) before the money moves and the cycle closes.

  6. 6

    Pay or roll over

    For each line, use Pay out in cash and Pay out, or Roll into the next cycle and Roll over to turn it into shares in the new cycle.