Chamasoft has a new feature that auto-reconciles all your equity bank transaction alerts. To enable the feature: 1. Login into Chamasoft. 2. Click on the settings icon. 3. Click on Edit Settings. 4. Enable Auto-reconcile checkbox and click on save changes. 5. To view alerts auto reconciled click on deposit then click on Auto reconciled deposits. NB. We […]
Chamasoft allows you to reconcile the deposits made directly from financial institutions. This means that you can use your financial institution e.g. your bank to record a deposit directly to Chamasoft. Once the payment (deposit) has been made, a notification appears on Chamasoft showing all the details of the transaction (i.e. Member Name, Transaction ID, Transaction Type, Transaction Reference […]
Chamasoft allows you to record contributions made by members of the group to their respective accounts. Once recorded, these contributions are updated to the member’s contributions details. To record a contribution; Go to; Deposits>Record Contribution Payment here Enter the deposit date, select the member(who have made the contribution), Select a payment description e.g. “monthly contribution”, enter the deposit date […]
This includes spontaneous fines which are recorded as deposits. After creating a fine in the fine category, they are recorded here . To record a fine; Go to Deposits>Record Fine Payment here Enter the deposit date, select the member(who is being fined), Select a payment description e.g. “fine contribution”, enter the deposit date and finally enter the […]
Chamasoft allows recording of members loan repayment. To record a loan repayment; Go to; Deposits>Record Loan Repayment here fill in the entries as follows: Deposit date: Select the date when the payment was made. Member: Select the member responsible for the payment. Payment for: Briefly describe the loan payment. Account: Select the account. Deposit method: Select the method […]
Chamasoft allows you to record miscellaneous payments. This includes small payments which have not been categorized anywhere else e.g. buying a book To record a miscellaneous payment; Go to; Deposits>Record Miscellaneous Payment here Fill in the as shown below Deposit date: Select the date when the payment was made. Member: Select the member responsible for the […]
Chamasoft allows you to record all external income that is earned. This includes money from outside the group e.g. bonuses and grants. Go to; Deposits>Record External Incomes here fill in the entries as shown below: Deposit date: Select the month and date when the payment was received. Depositor: Click to select the depositor. In the case of […]
Chamasoft allows you to displays all deposits which have taken place on your group members’ accounts. To list deposits; Go to; Deposits>List Deposits here This displays a list of all deposits to the group. You have successfully listed your group deposits.