Great news! We have finally integrated with Co-operative bank to allow you to transfer funds easily from Chamasoft wallet to your Co-operative bank account, and vice-versa. a) Funds transfer to a bank account – Account to account transfer within same group To transfer your funds to your Co-operative bank account, kindly follow the steps below: Login to […]
Chamasoft allows you to reconcile the withdrawals made directly from your financial institutions. This means that withdrawals made from your financial institutions e.g. your bank will be recorded to Chamasoft directly. Once the withdrawal 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 Number, Transaction Debit […]
Chamasoft gives an interface to record all group expenses. This includes all the cost required for something e.g. paying for a trip. To record expenses; Go to Withdrawals>Record expenses here fill in the entries as follows: Expense Date: Set the day and date for the expense. Category: Select the expense Category. Account: Select the account to be debited. Withdrawal […]
Recording Account To Account Money Transfer Chamasoft facilitates the recording of money transfer between bank accounts within your investment group. This occurs when you wish to transfer money from one account to another account within the group. To record an account to account money transfer; Go to Withdrawals>Record Account to Account Money Transfer here Fill in […]
Chamasoft allows you to record a refund contribution to a member. This occurs when a member wishes to leave a group and want their contributions back. To record a refund to a member; Go to; Withdrawals>Record Contribution Refund here Fill in the entries as shown above and click on SAVE CHANGES to save You have successfully recorded a refund […]
Chamasoft allows you to displays all withdrawals which have taken place on your accounts. To list withdrawals, Go to; Withdrawals>List Withdrawals here You have successfully listed your group withdrawals.