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Home > Supplements > Accounting Transaction Examples > Bonus Process > Example 6 (monthly, non-unitised)

Example 6: Monthly Bonus Process (non-unitised)

In this example:

-          the scheme is a monthly bonus scheme

-          the single investment portfolio in which all of the members invest is not unitised

-          the bonus rates are as follows:

 

Portfolio

From

To

Bonus rate

1

01/01/2003

28/02/2003

5%

1

01/03/2003

30/04/2003

6%

 

-          the B_JU3AE_MONTHLY_BONUS batch run has been initiated and has now completed

-          the accounts for employee G (Ref no 67) have been updated to reflect the relevant accounting entries

-          it is assumed that no contribution movements have taken place in this member’s account since the opening balance as at 01/01/2003

 

Note:

This example focuses on the accounts of a single member.  The accounts of all members of the scheme will be updated similarly.