Preparing and Conducting a Shareout

Preparing and Conducting a Shareout

This guide is designed to help DreamSave users understand the necessary steps to prepare for conducting a shareout. A shareout is a crucial event where members receive returns on their savings and contributions. Proper preparation ensures a smooth and transparent process.

Preparing for Shareout

  1. Initiate a Meeting. Complete attendance, opening summary and savings steps.
  2. Under 'Loan Repayments,' the bookkeeper must start by confirming with each member whether they can repay with cash before proceeding. If they can, select the respective member, scroll down, and choose 'Pay Balance from Savings.' Fill in the payment details and click 'Done.'
  3. Ensure all members have paid any outstanding fines under 'Fines'.
  4. The group must finish this meeting with no outstanding money owed. This includes loans or fines.
Info
Loan Repayment Options: Members with loan amounts larger than their savings can either pay the balance in cash or clear the amount their savings can cover and pay the remaining balance in cash.
Paying Fines: Currently, paying fines from savings is not an option, but it may be developed in future updates.

Conducting a Shareout

Info
Meeting Status: Ensure no meeting is open when conducting a shareout.
Outstanding Balances: All outstanding loans or fines must be settled before proceeding with the shareout. Refer to Preparing for Shareout

  1. Access Shareout Calculator:

    1. Return to the 'Meetings' tab and select 'View Shareout Calculator'.
    2. Review the current totals 'By Group' and 'By Members'. Then click 'Continue to Shareout'.
    3. Follow the on-screen steps to proceed with the shareout'.

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