{"id":691,"date":"2026-03-26T13:53:28","date_gmt":"2026-03-26T13:53:28","guid":{"rendered":"https:\/\/www.sikasoftonline.net\/?p=691"},"modified":"2026-03-26T14:44:10","modified_gmt":"2026-03-26T14:44:10","slug":"sales-of-shares","status":"publish","type":"post","link":"https:\/\/www.sikasoftonline.net\/index.php\/2026\/03\/26\/sales-of-shares\/","title":{"rendered":"Sales of Shares"},"content":{"rendered":"\n<p>The&nbsp;<strong>Sales of Shares<\/strong>&nbsp;module facilitates the purchase of institutional shares by cooperative members. Members can increase their stakes or become official shareholders by purchasing &#8220;Ordinary Shares&#8221;. The system actively links to the member\u2019s core savings or operating accounts to ensure sufficient balances exist before generating a purchase transaction, seamlessly debiting the member&#8217;s account and crediting the appropriate institutional equity\/shares GL account.<\/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>Standardize the workflow for issuing new cooperative shares to members.<\/li>\n\n\n\n<li>Automatically link customer profile data (contact info, address, next of kin) directly into the shares registry.<\/li>\n\n\n\n<li>Establish real-time checks to guarantee a member has sufficient account balances to purchase the requested volume of shares at the predefined per-share price.<\/li>\n\n\n\n<li>Maintain an accurate, unalterable trail of share purchases natively integrated with the General Ledger.<\/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 Dashboard<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Navigate to the\u00a0<strong>Back Office Module <\/strong>and select the Sales of shares page.<\/li>\n\n\n\n<li>The default view features a data table displaying recent un-authorized or historically processed share purchases.<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"113\" src=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-102-1024x113.png\" alt=\"\" class=\"wp-image-692\" srcset=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-102-1024x113.png 1024w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-102-300x33.png 300w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-102-768x85.png 768w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-102-1536x169.png 1536w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-102.png 1672w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<ol class=\"wp-block-list\">\n<li>To register a new share purchase, click the orange <strong>+ Add Sales of Shares<\/strong>\u00a0button 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=\"168\" height=\"55\" src=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-103.png\" alt=\"\" class=\"wp-image-693\"\/><\/figure>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Step 2 \u2014 Searching for the Customer<\/strong>&nbsp;A large prompt labeled&nbsp;<strong>Sales of Shares<\/strong>&nbsp;will appear, strictly divided into an input form (left) and a search panel (right).<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Direct your attention to the\u00a0<strong>Find Customer<\/strong>\u00a0section on the right.<\/li>\n\n\n\n<li>Type the member\u2019s name, phone number, or account identifier into the search box.<\/li>\n\n\n\n<li>Review the returned records and click the blue\u00a0<strong>RECALL<\/strong>\u00a0button adjacent to the appropriate customer.<\/li>\n\n\n\n<li>The system will automatically shift focus and pre-fill the left side of the screen with the customer&#8217;s personal data, locking out manual edit privileges to ensure data integrity.<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"485\" src=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/Screenshot-2026-03-26-134339-1024x485.png\" alt=\"\" class=\"wp-image-695\" srcset=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/Screenshot-2026-03-26-134339-1024x485.png 1024w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/Screenshot-2026-03-26-134339-300x142.png 300w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/Screenshot-2026-03-26-134339-768x364.png 768w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/Screenshot-2026-03-26-134339.png 1074w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Step 3 \u2014 Configuring the Share Purchase<\/strong>&nbsp;Focus on the newly populated&nbsp;<strong>Left Side<\/strong>&nbsp;of the form:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Share Type:<\/strong>\u00a0Define the classification of the purchased equity (e.g.,\u00a0<em>Ordinary Share<\/em>).<\/li>\n\n\n\n<li><strong>A\/C Type:<\/strong>\u00a0Select the member\u2019s funding account (such as their Savings or Current account). Selecting this prompts the system to fetch their current\u00a0<strong>Account Balance<\/strong>, which will display near the bottom of the form.<\/li>\n\n\n\n<li>Review the populated personal fields (<strong>Occupation, Address, DOB, etc.<\/strong>) for accuracy.<\/li>\n\n\n\n<li><strong>Next of Kin:<\/strong>\u00a0Choose the designated beneficiary from the dropdown list. If Next of Kin information is missing or needs an update, click the dark grey button with the ellipsis (<code>...<\/code>) to access the extended Kin registry.<\/li>\n\n\n\n<li><strong>Represented By:<\/strong>\u00a0Select the appropriate field representative or officer who negotiated or mediated the sale.<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"483\" src=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/Screenshot-2026-03-26-1349143-1024x483.png\" alt=\"\" class=\"wp-image-696\" srcset=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/Screenshot-2026-03-26-1349143-1024x483.png 1024w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/Screenshot-2026-03-26-1349143-300x142.png 300w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/Screenshot-2026-03-26-1349143-768x362.png 768w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/Screenshot-2026-03-26-1349143.png 1077w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Step 4 \u2014 Value Calculation &amp; Completion<\/strong>&nbsp;Scroll to the bottom financial metrics section of the left panel:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Note the system-enforced\u00a0<strong>Price per share<\/strong>.<\/li>\n\n\n\n<li>Enter the desired quantity in the\u00a0<strong>Number of Shares<\/strong>\u00a0field. As you type, the system automatically runs the multiplication to generate the\u00a0<strong>Total Value<\/strong>.<\/li>\n\n\n\n<li><strong>Crucial Check:<\/strong>\u00a0The system verifies that the generated\u00a0<strong>Total Value<\/strong>\u00a0does not exceed the member&#8217;s fetched\u00a0<strong>Account Balance<\/strong>. (If it does, a rejection alert will prohibit saving).<\/li>\n\n\n\n<li>Once verified, click the orange\u00a0<strong>Save<\/strong>\u00a0button located at the bottom-left footer. Wait for the confirmation prompt, and finalize the entry.<\/li>\n<\/ol>\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>Strict Validation:<\/strong>\u00a0The form strictly refuses to process transactions if the\u00a0<code>Total Value<\/code>\u00a0exceeds the specified funding\u00a0<code>Account Balance<\/code>.<\/li>\n\n\n\n<li><strong>Auto-Formatting:<\/strong>\u00a0The\u00a0<code>Number of Shares<\/code>\u00a0field actively formats numeric inputs into easily readable commas (e.g., 10,000) while typing, resolving back to backend-safe integers on calculation.<\/li>\n\n\n\n<li><strong>Dynamic Pre-fills:<\/strong>\u00a0Price per share and minimum allowable share limits are hard-coded into the institutional settings and cannot be overridden by tellers.<\/li>\n\n\n\n<li><strong>Edit Mode:<\/strong>\u00a0If an error is noticed after pulling customer data, clicking the secondary grey\u00a0<strong>Edit<\/strong>\u00a0button at the footer temporarily unlocks specific demographic fields (like Address or Phone) prior to saving.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;Sales of Shares&nbsp;module facilitates the purchase of institutional shares by cooperative members. Members can increase their stakes or become official shareholders by purchasing &#8220;Ordinary Shares&#8221;. The system actively links to the member\u2019s core savings or operating accounts to ensure sufficient balances exist before generating a purchase transaction, seamlessly debiting the member&#8217;s account and crediting the [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":711,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,26],"tags":[],"class_list":["post-691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-back-office","category-sales-of-shares"],"_links":{"self":[{"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/posts\/691","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=691"}],"version-history":[{"count":1,"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/posts\/691\/revisions"}],"predecessor-version":[{"id":698,"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/posts\/691\/revisions\/698"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/media\/711"}],"wp:attachment":[{"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/media?parent=691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/categories?post=691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/tags?post=691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}