Article contents

Allocating all other transactions (legacy method)

In this step, all member specific transactions such as contributions, insurance premiums, pensions, etc. are allocated to the member accounts.

Note: This does not save allocated profits. Profit distribution will be completed in the next step.

Mclowd displays:

Mclowd displays a warning that the next step will overwrite any previous entries you have made. Verify that you are happy to proceed by choosing OK. Mclowd confirms that the distribution has been completed and provides a link to the Accounting Page to enable you to check the updated balances.