Declare a dividend and interest rebate

Steps

1. In Year-end → 3 Declare, enter the dividend rate on shares and the rebate rate on loan interest.
2. Check the total cost against what’s distributable and select Preview per member.
3. Select Send for board approval. Board members approve in Approvals; the declarer can’t approve.
4. When approved, open 5 Pay and pay to shares or deposits as your policy says.

What happens next

One rate applies to every member of a class. Amounts are based on time-weighted balances. Members who can’t be paid stay owed: their allocation is held, not moved to reserves.