Hi George, Right now dividend calculations are based on the accumulated shares a client owns relative to the total shares issue. Dividends are then posted to a client's linked savings account.
Currently we don't have any functionality to automate purchase of shares via a standing instruction so right now if you wanted to have a 1000 goes into the share account each month, you'd have to do it manually. You would first create the share product, open a share account for the client, and then each month you could purchase/apply for additional shares in the amount of $1000. Dividends can then get calculated and posted for whatever period you'd like. If you need support for standing instructions from a savings account to a share account, to enable this recurring shares producxt, we can explore how much effort that would take to build. Ed On Mon, Jul 31, 2017 at 6:26 AM, George Ng'ang'a <[email protected]> wrote: > Somebody simplify for me how to work with share product. > > My Situation: > Client deposit 1000 every month, and every end year there is a share > divinded % which is issued against total deposit less share capital amount. > > ------------------------------------------------------------ > ------------------ > Check out the vibrant tech community on one of the world's most > engaging tech sites, Slashdot.org! http://sdm.link/slashdot > Mifos-developer mailing list > [email protected] > Unsubscribe or change settings at: > https://lists.sourceforge.net/lists/listinfo/mifos-developer > -- *Ed Cable* President/CEO, Mifos Initiative [email protected] | Skype: edcable | Mobile: +1.484.477.8649 *Collectively Creating a World of 3 Billion Maries | *http://mifos.org <http://facebook.com/mifos> <http://www.twitter.com/mifos>
