> For the complete documentation index, see [llms.txt](https://docs.mifos.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.mifos.org/mifosx/user-manual/for-administrators-mifos-x-platform/administration/products/share-products.md). # Share products Share products define the rules, default settings, and constraints for a financial institution's Shares and dividends. A share product provides a template for multiple accounts that are or will be held by the financial institution's clients. The categories of information required to set up a saving product includes: * Identifying or descriptive information * Terms * Settings * Market price * Charges * Accounting Beginning at the main screen, select [**Admin**](/mifosx/user-manual/for-administrators-mifos-x-platform/administration.md), then **Products** from the drop-down menu. This will launch the **Products** menu. Select **Share Products.** ![](https://mifosforge.jira.com/wiki/download/thumbnails/129531946/Capture%2066.PNG?version=1\&modificationDate=1484289286089\&cacheVersion=1\&api=v2\&width=1080) ### click on the blue **Create Share Product.** ### Details ![](https://mifosforge.jira.com/wiki/download/thumbnails/129531946/Capture%2067.PNG?version=1\&modificationDate=1484289928241\&cacheVersion=1\&api=v2\&width=1080) Please refer **Details from Image above** , Details mentioned below are updated with respect to the provided fields numbers. * 1 - Provide Savings **Product name** . * 2 - Provide **Short name**. * 3 - Provide **Description** of this product. ### Currency ![](https://mifosforge.jira.com/wiki/download/attachments/129531946/Capture%2068.PNG?version=1\&modificationDate=1484290060116\&cacheVersion=1\&api=v2) * 4 - Select **Currency**. Need to have defined required currency: [Currency Configuration](/mifosx/user-manual/for-administrators-mifos-x-platform/administration/organization/currency-configuration.md) * 5 - Provide **Decimal places**. * 6 - Provide **Currency in multiples of**. This is to provide total rounding off amount. For example: 10, so Total amount gets rounded of to 10's. ### Terms ![](https://mifosforge.jira.com/wiki/download/attachments/129531946/Capture%2069.PNG?version=1\&modificationDate=1484290137360\&cacheVersion=1\&api=v2) * 4 - Provide **Total Number of Share -** Is the total number of shares. * 5 - Provide **Shares to be issued -** Is the numbers of shares to be issued. * 6 - Provide **Nominal Price** - Is the per share price value. * 7 - Info grey field **Capital value** - Is the Per share price \* Shares to be issued. ### Settings ![](https://mifosforge.jira.com/wiki/download/thumbnails/129531946/Capture%2070.PNG?version=1\&modificationDate=1484290273212\&cacheVersion=1\&api=v2\&height=250) * 11 - Provide **Shares per client -** Minimum value * 12 - Provide **Shares per client -** Default value * 13 - Provide **Shares per client -** Maximum value * 14 - Provide **Minimum active period** - Is the minimum period to be active in order to receive dividends. * 15 - Select **Period** - For now it only has Days to be selected. * 16 - Provide **Lock-in period** - This is to set lock-in period. Hence, withdrawal wont be allowed for the selected period. * 17 - Select **Period** - Days or Weeks or Months * 18 - **Allow dividends for inactive clients** - Check the check box if you want to enable to provide dividends to clients although they are inactive. Enabling this dividend will only be provided once. For example, a client bought share on 1st Jan, 2015 and redeemed(sold) it on 31st June, 2015. An organization declared dividend on 1 August, 2015 so it will get the dividend although he is in inactive and only once. ### Market price ![](https://mifosforge.jira.com/wiki/download/thumbnails/129531946/Capture%2071.PNG?version=1\&modificationDate=1484290376725\&cacheVersion=1\&api=v2\&height=250) * 19 - Click on **Add -** To add & define market price for a period * 20 - Select **From Date** - Is the date from which provided unit price is applicable, example - 05/01/2016 * 21 - Nominal/Unit price - Provide unit price, example - 5 * 22 - x - Is to remove the period & date. \ In the example above, the from date 05/01/2016 applicable per share is 5. Suppose there was one more chart defined with from date as 05/05/2016 with per share as 7, then depending upon the period, the share price is applicable. ### Charges ![](https://mifosforge.jira.com/wiki/download/attachments/129531946/Capture%2072.PNG?version=1\&modificationDate=1484290473206\&cacheVersion=1\&api=v2) In order to use Add charge, you should have already defined it in charges. For more information on charges refer here: [Charges ](/mifosx/user-manual/for-administrators-mifos-x-platform/administration/products/charges.md) ### Accounting ![](https://mifosforge.jira.com/wiki/download/attachments/129531946/Capture%2073.PNG?version=1\&modificationDate=1484290537225\&cacheVersion=1\&api=v2) **By default Accounting will be disabled - None:-** Meaning If you are using this product for various transactions like deposits, withdrawals, etc. these transactions are not passed in journal entry.
**Enabling accounting for the savings product**:->> You should have created chart of accounts, for more information refer: [https://mifosforge.jira.com/wiki/display/docs/Chart+of+Accounts+and+General+Ledger+Setup](/mifosx/user-manual/for-administrators-mifos-x-platform/accounting/chart-of-accounts-general-ledger-setup.md).>> To enable Accounting, you need to select cash accounting. As of now, Mifos X supports only cash accounting for savings product. * Cash \>> Map accounts with respect to the savings product accounts. For more information on these accounts refer: [A Possible accounting Spec](https://mifosforge.jira.com/wiki/display/MIFOSX/A+Possible+accounting+Spec) - Accounting rules for savings. ![](https://mifosforge.jira.com/wiki/download/thumbnails/129531946/Capture%2074.PNG?version=1\&modificationDate=1484290594174\&cacheVersion=1\&api=v2\&width=1080) ### **Advanced Accounting Rule** Clicking on the show button enables Advanced accounting rule. ![](https://mifosforge.jira.com/wiki/download/thumbnails/129531946/52.png?version=1\&modificationDate=1460632278849\&cacheVersion=1\&api=v2\&width=708) If you click on Add button, it will expand and show up selection drop-downs. * Configure Fund sources for Payment Channels. \ Example: In the image shown above, Payment type - Cheque is mapped to Fund source - Bank. So whenever payment type is used for transaction. Journal entry for Account - Bank will be passed. * Map Fees to Income Accounts. * Map Penalties to Specific Income Accounts Click on **Submit** button to Save/Create savings product. ![](https://mifosforge.jira.com/wiki/download/attachments/129531946/Capture%2076.PNG?version=1\&modificationDate=1484290828822\&cacheVersion=1\&api=v2) #### View Share Product Go to Admin>>Product>>Share Product ![](https://mifosforge.jira.com/wiki/download/thumbnails/129531946/Capture%2077.PNG?version=1\&modificationDate=1484290892510\&cacheVersion=1\&api=v2\&width=1080) #### Edit share Product Go to Admin >> Product >> share Products >> Select share product (Example: Money market share product) >> then click on Edit button. ![](https://mifosforge.jira.com/wiki/download/thumbnails/129531946/Capture%2078.PNG?version=1\&modificationDate=1484291023403\&cacheVersion=1\&api=v2\&width=1080) For dividends refer link - [Dividends](/mifosx/user-manual/for-administrators-mifos-x-platform/administration/products/share-products/dividends.md) {% hint style="info" %} For spec refer - [Share Account Management and Dividend Payment](https://mifosforge.jira.com/wiki/spaces/MIFOSX/pages/89718790/Share+Account+Management+and+Dividend+Payment) {% endhint %} **Related articles** * Page:[Savings Products](/mifosx/user-manual/for-administrators-mifos-x-platform/administration/products/untitled.md) * Page:[Loan Products](/mifosx/user-manual/for-administrators-mifos-x-platform/administration/products/loan-products.md) * Page:[Share products](/mifosx/user-manual/for-administrators-mifos-x-platform/administration/products/share-products.md) * Page:[Fixed Deposit Products](/mifosx/user-manual/for-administrators-mifos-x-platform/administration/products/fixed-deposit-products.md) * Page:[Share Accounts](/mifosx/user-manual/for-operational-users-mifos-x-web-app/accounts-and-transactions/share-accounts.md)