# 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) --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.mifos.org/mifosx/user-manual/for-administrators-mifos-x-platform/administration/products/share-products.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.