Running Proposals
- 01 Jul 2025
- 4 Minutes To Read
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Running Proposals
- Updated On 01 Jul 2025
- 4 Minutes To Read
- Print
- DarkLight
- PDF
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Profit calculations run in the backend, and Proposals present the results of the calculations with detailed information. Proposals run across all active pools available for the defined period, and give a breakdown of the profit parameters for each pool that falls within the calculation period. This is used to approve and apply the profits among the relevant accounts.
Process flow
The profit calculation process is triggered by the EOD (end-of-day) process. The default proposal is created on the second day of the profit calculation cycle. In the middle of this cycle, you can view indicative information for the period from the start day of the profit calculation cycle until the present day. At the end of the profit cycle, the profit calculation is finished and distributed for relevant accounts. In the automated process, the profit is automatically approved and prepared for the profit application process. Profit will be applied on each account on the last day of the account payment cycle or on the next day after it.
To summarize, the profit sharing process consists of three steps:
- Profit calculation
- Profit approval
- Profit application
Testing in sandbox
Currently we have provided the temporary option Jobs in the Profit sharing service, for manual triggering of the profit calculation process.
- Navigate to Profit Sharing > Jobs.
- For proposal generation, you will need to run a job on the second day of profit calculation cycle.
- select a date from the calendar and click Start job.
- For the proposal's final results, you will need to run a job on the first day of the next profit calculation cycle.
- Select a date from the calendar and and click Start job.
- For the cycle's final results you need to search for a job on the last day of the profit calculation cycle.
- Select a date from the calendar and click Search.
The list shows each pool cycle's calculation. The following fields are shown:
| Field name | Description |
|---|---|
| ID | ID of the proposal. |
| Pool ID | ID of the pool. |
| Pool Name | Name of the pool. |
| Equivalent Rate | The calculated percentage of profit in the pool for the cycle. This can be shown either in decimal or percentage, depending on the pool allocation. |
| Average Balance | The average account balance for each pool. |
| Status | The current status of the proposal. |
| Profit Amount | The calculated (distributable) profit amount for the pool. Profit amount = Total income - total expense. |
| Total Income | The calculated total amount of income allocated to the pool. |
| Total Expenses | The calculated total amount of expense allocated to the pool. |
Reviewing profit cycles
To view the complete breakdown of a proposal, select Actions > View cycles.
The overview shows the following information:
Cash flow calculation cycles
Cash flow calculation cycles give an overview of the total cashflow of the accounts in a pool. The following fields are shown in this section:
| Field name | Description |
|---|---|
| Pool Cycle ID | The ID of the pool cycle. |
| Cashflow | The income or expense association used for a cash flow calculation. |
| Type | The type of account linked to the pool - either Income or Expense. |
| Allocation Method | The allocation method for the pool calculation. |
| Account | The GL account used in the pool. |
| Account Percentage | The percentage of profit sharing allocated to that pool in each account. |
| Amount | The total cash flow amount for the account. |
Product calculation cycles
Product calculation cycles show the average balance and profit rates for the products in a pool. The following fields are available in this section:
| Field name | Description |
|---|---|
| Pool Cycle ID | The ID of the pool cycle. |
| Product | The product used in the calculation cycle. |
| Profit Rate | The percentage of profit accumulated in the calculation cycle. |
| Average Balance | The average balance of the accounts in the product over the calculation period. |
| Account Number | The number of accounts contained in the product. |
| Start Date | The start date of the profit calculation cycle. |
| End Date | The end date of the profit calculation cycle. |
Generating proposals
On the second day of a new profit calculation period, a proposal is automatically generated.
- Navigate to Profit Sharing > Proposals.
- There will be two tabs visible: Open and Closed
The Open tab shows indicative proposals that are currently being processed. Once the profit sharing process is complete, the proposal is moved to the Closed tab. Proposals here will have one of two statuses:
- Approved - the profit calculation is approved but has not yet been applied to all accounts due to different payment cycle dates.
- Applied - the calculated profit has been approved and successfully applied to all relevant accounts.
Note
The profit sharing process is fully automated. As a result, proposals will appear in the Closed proposals tab once their profit cycle is complete. You will typically not see active proposals in the Open proposals tab.
Proposal details
Proposals present the profit calculation results at the Pool, Product, and Account levels for all pools that share that period's start date and have common Income and Expense categories.
- Navigate to Profit Sharing > Proposals.
- Click the Details button.
- The Proposal screen will open, showing a breakdown of the entire profit calculations used to derive the profit sharing proposal.
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