Jisort Admin User Mannual

5. 1.4 CREATING PRODUCTS

5.2. 1.4.2 SHARES PRODUCT CREATION

This is a window to register the share product. The image below gives an idea of how the share product creation looks like;

 

The table below indicates the field name and their explanation.

Field name

Explanation

Product name

This is a field to register the name of a share product. 

Example: Member shares

Short name

Shortened form of the product name

Description

This is a field to add a descriptive note about the product

Currency

A field to add the currency at which this product will operate at

Total number of shares

Shares available for disposal within an organization

Nominal price

Price per share

Shares to be issued

The maximum number of shares that the organization can allocate to its members

Capital value

Total value of the shares in an organization.

Minimum shares per capital

Fill in this field with numerals.

Minimum number of shares a client can own.

Default shares per client

The shares that a member must have by the virtue of

 

belonging to a sacco/microfinance.

Maximum shares per

client

Maximum number of shares that a client can own

Minimum active period

Minimum period at which a client must have owned shares for them to receive dividends.

Example: A client must have owned shares for at least 30 days for them to receive dividends.

Allow dividends for inactive clients

A field with a drop down list to deny or allow giving of dividends to an inactive client.

Shares reference

A drop down list where you select to which account ‘shares reference’ belongs to.

Shares suspense control

A drop down list you select to which account ‘shares suspense control’ goes to.

Equity

Select from drop down list to which account ‘equity’ goes to.

Income from fees

Select from drop down list to which account does the ‘income fee’ goes to.

If your financial organization charges a fee when creating an account for shares then the money made is income from fee.

Status

Select from drop down list whether product created should be active or inactive.

 

Click on save to effect entries made to the field.