Dividends & year-end

Close the year. Pay what members are owed.

Appropriate the statutory reserve first, then declare dividends on shares and rebates on loan interest, with a per-member explanation for every amount.

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Try a year-end in Practice

In the right order, every time.

Bridge won't let anything be distributed until the statutory appropriations are made.

  1. Step 1: Close the books

    Pre-checks first: reconciled accounts, no stale suspense, every loan classified.

  2. Step 2: Appropriate statutory funds

    Your statutory reserve and other funds, set aside before anything is distributable.

  3. Step 3: Declare

    Set the dividend rate on shares and the rebate rate on loan interest, with a live preview of the total cost.

  4. Step 4: Approve and pay

    The board approves; amounts are credited to members' accounts or paid out.

For members

'Why is my dividend zero?' has an answer.

Dividends and rebates are calculated on time-weighted balances, so the amount reflects how long money was held, not just the closing balance. Members, and the officers answering them, can see exactly how each amount was worked out.

The awkward cases, handled.

What if a member can't be paid?

Their allocation is held as unclaimed and followed up, never lost.

What about societies that are members of a district union?

A society receives its union's dividend into its own books, the same way a member does.

Our AGM is months after year-end. Does that matter?

Declarations follow your AGM calendar; Bridge keeps the year's figures fixed until they're approved.

What if two societies merge mid-year?

Members of both see how the surplus is treated before the merger is executed.

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