Tips- In order to initiate the dividend you need to have created share product & should have share accounts.
Beginning at the main screen, select Admin, then click on Products from the drop-down menu. This will launch the Products menu.
Select Share Products, then Click on the create product then click Dividends.
Then click on Initiate Dividend
Create Dividend
- 1 - Provide Dividend period start Date - This Is the dividend start date, from this date dividend is applicable.
- 2 - Provide Dividend period end date - This Is the dividend end date, from this date dividend is not applicable.
- 3 - Provide Dividend Amount.- This Is the dividend whole amount to be issued.
- 4 - Click on submit button.
View dividend
In this example dividend amount is provided as 5000$, so it would split all the dividend amount among among all client's share account.
Now click on Post Dividends.
On clicking on the post dividends, you are approving dividends to be posted. Until and unless post dividends is are applied dividend doesn't get posted. , dividend are not posted.
Respective scheduler job Post dividends, this will run the job and only then dividend gets posted to their respective share accounts and linked savings account.
In the image below image, you could can see that the dividend has been posted to linked savings account.
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