Home > Supplements > Accounting Transaction Examples > Bonus Process > Example 6 (monthly, 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.