1In Settings, open Products and click the Savings Product tab. The table lists each product with its Name, Type, Account Number and General Ledger Code, and the Search box helps you avoid duplicates.2This is the Create Savings Product form. Enter the Name and pick a Type under Details, then work down through Terms, scrolling for the required fields further down.3Click the Share Product tab to do the same for shares. Each share type shows its Name, Account Number and General Ledger Code, and Add new at the top right opens the form.
How to configure savings and share products
Set up the savings and share products your members can open, each with its own name, type and general ledger code.
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Summary
Set up the savings and share products your members can open, each with its own name, type and general ledger code.
About 4 minutes · 7 steps. Also called: savings products, share products, share types, deposit products, product configuration.
Prerequisites
A CAMS sign-in with a role that can open Settings.
Your chart of accounts, so you can pick the right general ledger code.
Any interest rate or fee the product uses, created first — see How to add fees and penalties and the interest rates lesson.
Step-by-step
Sign in to CAMS Admin.
In the left menu, click Settings, then Products. Product Setup opens on the Loan Product tab.
Click Savings Product. A table lists your savings products with their Name, Type, Account Number, General Ledger Code and Description.
The Savings Product tab of Product Setup, with the savings product list and the Add new button at the top right
Search the table first, so you don't create a duplicate. Then click Add new at the top right.
Fill in the form:
Name (required), for example Ordinary Savings.
Type: Savings, Current, Deposits or Fixed Deposits.
Account Number and General Ledger Code, linking the product to your chart of accounts.
Interest Rate and a short Description.
Click Save at the bottom of the form. The new product appears in the table. Cancel leaves without saving.
For share products, click the Share Product tab. It works the same way: Add new opens a form where you name the share type and set its share value.
The Share Product tab under Product Setup, where you add the share types members can buy
Common pitfalls & FAQ
The screen opened on a list of loans. Product Setup always opens on Loan Product. Click the tab you need; each tab has its own list and form.
Savings or shares? Savings hold member deposits and earn interest. Shares hold member ownership and pay dividends.
How do I change or retire a product? Open the three-dot menu at the end of its row and click Edit. Avoid deleting a product members already use — edit it or stop offering it, so old accounts keep their history.
