1Open Settings → Products → Savings Product to manage your savings products (name, GL code, interest and rules).2Click Add new to create a savings product, or use a row’s menu to edit an existing one.3Switch to the Share Product tab to configure share products the same way.
How to configure savings and share products
Set up the savings and share products members can open in CAMS.
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Summary
Set up the savings and share products your members can open.
Each product has a name, a type and a general ledger code so its balances post to the right account.
About 6 minutes · 7 steps.
Prerequisites
An admin login with access to Settings.
The chart of accounts ready, so you can pick the right general ledger code for each product.
The details for each product: its name, type, account number and interest rate.
In the left menu, open Settings and click Products. The Product Setup screen opens. Tabs across the top cover each product type, including Loan Product, Savings Product and Share Product.
Click the Savings Product tab. A table lists your savings products with their Name, Type, Account Number, General Ledger Code and Description.
To create a savings product, click Add new at the top right. Fill in the form:
Name (required), for example Ordinary Savings.
Type, such as Savings, Current, Deposits or Fixed Deposits.
Account Number and the General Ledger Code that links the product to your chart of accounts.
Interest Rate and a short Description.
Click Save. The new product appears in the table.
To change a product, find its row, open the three-dot menu at the end of the row and click Edit. Update the fields and save.
To set up share products, click the Share Product tab. It works the same way. Add new opens the form, and the three-dot menu edits a row.
Common pitfalls & FAQ
What is the General Ledger Code for? It ties the product to a ledger in your chart of accounts, so member balances and interest post to the right account. Set up the chart of accounts first.
Savings and shares are not the same. Savings hold member deposits and earn interest. Shares hold member ownership and pay dividends. Use the matching tab for each.
Add new is on the wrong tab. Each tab has its own list and form. Click the Savings Product or Share Product tab first, then click Add new.
I cannot find the Edit option. Edit lives in the three-dot menu at the end of each product row, not on a separate button.
Can I delete a product members already use? Avoid it. Edit it or stop offering it instead, so old accounts keep their history.
