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Savings Club contributions

A contribution is money a client pays into one of their Savings Club goals.

Record a contribution​

  1. Open Savings Club > Contributions.
  2. Click Record Contribution, or the round + button at the bottom right of the screen.
  3. Savings Goal - choose the goal. Each option shows the goal name and its target amount. Only Active goals are listed.
  4. When you pick a goal, a Goal Details box shows its Target, Current balance and Remaining amount. Check these before you continue.
  5. Amount - what the client paid. Must be more than 0.
  6. Contribution Date - defaults to today. Change it if you are entering a payment received on an earlier day.
  7. Click Record. (Cancel closes the form without saving.)

You see "Contribution recorded against ..." with the goal name, and the contribution appears in the list. If the system refuses it, the reason appears in the form and your figures are kept, so you can correct them and try again.

caution

Many clients may have goals with the same name, such as "School Fees". The Savings Goal list shows only the goal name and target, not the client. Before you save, check the Goal Details box, or open the goal from Savings Club > Goals first to confirm it belongs to the right client.

What happens when you save​

  • The goal's Current Balance and Total Contributions go up by the amount.
  • If the new balance reaches or passes the Goal Amount, the goal becomes Completed straight away. It then disappears from the Savings Goal list and no further contributions can be recorded against it.
  • The contribution is recorded in the accounts as cash received and money owed to the saver. It appears on the day's cash book under Savings contributions.

Contributions that are refused​

MessageWhat to do
Goal is not activeThe goal is already Completed or Cancelled. Check the goal's status.
Amount must be positiveEnter an amount greater than 0.

The contributions list​

Savings Club > Contributions shows recent contributions across all goals, with the Date, Goal, Amount, Interest Earned, Recorded By and Synced columns. Recorded By shows the staff member who entered the contribution. The box at the top shows a Total Contributions figure and the number of transactions listed.

The list shows the 20 most recent contributions (by contribution date), and the Total Contributions figure adds up only those rows. For organisation-wide totals, use Contributions This Month on the Savings Club overview.

note

The From and To date boxes above the list do not currently narrow the results. To see every contribution for one goal, open the goal from **Savings Club

Goals** and use its Contribution History.

Contributions for one goal​

Open the goal from Savings Club > Goals. The Contribution History at the bottom of the goal page lists the contributions made to that goal, newest first, up to the 20 most recent.