{"id":682,"date":"2026-03-26T12:48:53","date_gmt":"2026-03-26T12:48:53","guid":{"rendered":"https:\/\/www.sikasoftonline.net\/?p=682"},"modified":"2026-03-26T13:55:23","modified_gmt":"2026-03-26T13:55:23","slug":"shares-withdrawal","status":"publish","type":"post","link":"https:\/\/www.sikasoftonline.net\/index.php\/2026\/03\/26\/shares-withdrawal\/","title":{"rendered":"Shares Withdrawal"},"content":{"rendered":"\n<p id=\"user-content-description\">The&nbsp;<strong>Shares Withdrawal<\/strong>&nbsp;module allows administration to formalize and process the withdrawal or liquidation of a member&#8217;s shares. Due to the sensitive nature of share liquidation in cooperative frameworks, this page calculates the maximum available share balances, compares them against any outstanding loan\/savings balances, and safely applies necessary processing commissions to a specified general ledger account before finalizing the withdrawal.<\/p>\n\n\n\n<!--more-->\n\n\n\n<h2 class=\"wp-block-heading\" id=\"user-content-purpose\">PURPOSE<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Provide a secure workflow for liquidating &#8220;Member Shares&#8221; or &#8220;House Shares&#8221;.<\/li>\n\n\n\n<li>Automatically retrieve and calculate real-time member Shares Balances alongside Savings Balances.<\/li>\n\n\n\n<li>Ensure any administrative withdrawal fees or percentages are accurately calculated and routed to a specific General Ledger Commission Account.<\/li>\n\n\n\n<li>Standardize the audit trail by assigning an automatically generated transaction number to every withdrawal.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"user-content-step-by-step-guide\">STEP-BY-STEP GUIDE<\/h2>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Step 1 \u2014 Accessing the Module and Dashboard<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Navigate to the&nbsp;<strong>Back Office Module <\/strong>and access <strong>Shares Withdrawal<\/strong>&nbsp;page.<\/li>\n\n\n\n<li>The primary screen acts as a ledger viewing dashboard, displaying a table of all historically processed share withdrawals, complete with the calculated charge amounts and assigned GL accounts.<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"135\" src=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-96-1024x135.png\" alt=\"\" class=\"wp-image-683\" srcset=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-96-1024x135.png 1024w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-96-300x40.png 300w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-96-768x102.png 768w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-96-1536x203.png 1536w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-96.png 1672w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Step 2 \u2014 Initiating a New Withdrawal<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Click the orange &nbsp;<strong>Add Shares Withdrawn<\/strong>&nbsp;button located at the top right of the data table.<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"180\" height=\"47\" src=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-97.png\" alt=\"\" class=\"wp-image-684\"\/><\/figure>\n\n\n\n<ol class=\"wp-block-list\">\n<li>A large modal titled&nbsp;<strong>Sales of Shares<\/strong>&nbsp;will appear. This modal is split into two working sides: the left side handles the transaction metrics, and the right side handles customer lookup.<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"610\" src=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-98-1024x610.png\" alt=\"\" class=\"wp-image-685\" srcset=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-98-1024x610.png 1024w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-98-300x179.png 300w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-98-768x458.png 768w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-98.png 1067w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Step 3 \u2014 Locating the Member&nbsp;Focus on the&nbsp;Right Side (Find Customer)&nbsp;panel first:<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>In the&nbsp;<strong>Find Customer<\/strong>&nbsp;text box, type the member&#8217;s name, ID, or account number. The system will auto-search as you type.<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1074\" height=\"509\" src=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/Screenshot-2026-03-26-134339-1.png\" alt=\"\" class=\"wp-image-699\" style=\"aspect-ratio:2.110238823237749;width:639px;height:auto\" srcset=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/Screenshot-2026-03-26-134339-1.png 1074w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/Screenshot-2026-03-26-134339-1-300x142.png 300w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/Screenshot-2026-03-26-134339-1-1024x485.png 1024w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/Screenshot-2026-03-26-134339-1-768x364.png 768w\" sizes=\"(max-width: 1074px) 100vw, 1074px\" \/><\/figure>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Review the generated table results and locate the correct member.<\/li>\n\n\n\n<li>Click the blue&nbsp;<strong>RECALL<\/strong>&nbsp;button next to their name.<\/li>\n\n\n\n<li>The system will now automatically fill out the member&#8217;s details on the left side of the screen, including pulling their total &#8220;Shares Balance&#8221; and &#8220;Savings Balance&#8221;, and unlocking their associated products.<\/li>\n<\/ol>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Step 4 \u2014 Configuring the Withdrawal Details<\/strong>&nbsp;Focus on the&nbsp;<strong>Left Side<\/strong>&nbsp;panel:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Trans. Date:<\/strong>&nbsp;Verify this is set to the correct withdrawal date (it defaults to today).<\/li>\n\n\n\n<li><strong>Account Type:<\/strong>&nbsp;Select the specific destination product or account related to the withdrawal layout.<\/li>\n\n\n\n<li><strong>Type of Shares:<\/strong>&nbsp;Choose whether you are liquidating&nbsp;<strong>Member Shares<\/strong>&nbsp;or&nbsp;<strong>House Shares<\/strong>.<\/li>\n\n\n\n<li><strong>Charges (%):<\/strong>&nbsp;If the institution applies a penalty or administrative fee for withdrawing shares, enter the percentage here (e.g.,&nbsp;<code>5<\/code>). The system will automatically compute the&nbsp;<strong>Charge Amt<\/strong>&nbsp;based on the balances.<\/li>\n\n\n\n<li><strong>Commission A\/c:<\/strong>&nbsp;If a charge is applied, you MUST specify where that fee goes. Click the grey&nbsp;<strong>F<\/strong>&nbsp;button next to the Commission A\/c field to open the General Ledger lookup modal. Search for your internal Income\/Commission GL account and select&nbsp;<strong>RECALL<\/strong>&nbsp;to bind it.<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1077\" height=\"508\" src=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/Screenshot-2026-03-26-1349143-2.png\" alt=\"\" class=\"wp-image-700\" style=\"aspect-ratio:2.1202244189153086;width:623px;height:auto\" srcset=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/Screenshot-2026-03-26-1349143-2.png 1077w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/Screenshot-2026-03-26-1349143-2-300x142.png 300w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/Screenshot-2026-03-26-1349143-2-1024x483.png 1024w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/Screenshot-2026-03-26-1349143-2-768x362.png 768w\" sizes=\"(max-width: 1077px) 100vw, 1077px\" \/><\/figure>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Step 5 \u2014 Saving and Finalization<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Review the calculated&nbsp;<strong>Total Balance<\/strong>, verify the extracted&nbsp;<strong>Charge Amt<\/strong>, and ensure the member data is completely accurate.<\/li>\n\n\n\n<li>Click the orange&nbsp;<strong>Save<\/strong>&nbsp;button at the footer of the modal.<\/li>\n\n\n\n<li>Aesthetically review the confirmation prompts, wait for the transaction number to generate under the hood, and confirm to append the withdrawal officially to the ledger.<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"616\" src=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-101-1024x616.png\" alt=\"\" class=\"wp-image-688\" style=\"aspect-ratio:1.6624518966465092;width:579px;height:auto\" srcset=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-101-1024x616.png 1024w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-101-300x181.png 300w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-101-768x462.png 768w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-101.png 1060w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"user-content-key-notes\">KEY NOTES<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Smart Charge Calculation:<\/strong>&nbsp;The system utilizes a smart percentage handler. If the member&#8217;s&nbsp;SavingsBalance&nbsp;is negative (they are in deficit), the percentage fee is drawn purely against the&nbsp;<code>SharesBalance<\/code>. Otherwise, it calculates against the&nbsp;<em>Total Balance<\/em>.<\/li>\n\n\n\n<li><strong>Mandatory Commission Routing:<\/strong>&nbsp;You cannot process a withdrawal with a&nbsp;<code>Charges (%)<\/code>&nbsp;greater than&nbsp;<code>0<\/code>&nbsp;if you do not attach a valid&nbsp;<strong>Commission A\/c<\/strong>.<\/li>\n\n\n\n<li><strong>Nested Search Modals:<\/strong>&nbsp;Using the &#8220;F&#8221; button for the Commission account will pop up a second search table overlapping the first. Selecting your GL account there returns you safely to your withdrawal form.<\/li>\n\n\n\n<li><strong>Insufficient Shares:<\/strong>&nbsp;The module features a hard lock. If the retrieved&nbsp;<code>SharesBalance<\/code>&nbsp;is 0 or less, the UI will prohibit the withdrawal from saving.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;Shares Withdrawal&nbsp;module allows administration to formalize and process the withdrawal or liquidation of a member&#8217;s shares. Due to the sensitive nature of share liquidation in cooperative frameworks, this page calculates the maximum available share balances, compares them against any outstanding loan\/savings balances, and safely applies necessary processing commissions to a specified general ledger account before [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":689,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,25],"tags":[],"class_list":["post-682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-back-office","category-shares-withdrawn"],"_links":{"self":[{"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/posts\/682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/comments?post=682"}],"version-history":[{"count":3,"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/posts\/682\/revisions"}],"predecessor-version":[{"id":702,"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/posts\/682\/revisions\/702"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/media\/689"}],"wp:attachment":[{"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/media?parent=682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/categories?post=682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/tags?post=682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}