--- title: "Benefit Distribution - Type B" canonical: "https://kb.myframeworks.com.au/space/PROSTIXV48DOC/31101013/Benefit%20Distribution%20-%20Type%20B" format: markdown --- The existing Shareholder Register within ProStix has been modified as follows: The current shareholder distribution is changed to prompt for the following if 'dividends' is the selected distribution method: A new function has been created to calculate benefits distributed as rebates. This allows the user to select the rebate per product group to apply to each customer, based on the value of goods purchased from those product groups (including cash sales against the customer). Pre-paid purchases are also to be included. This amount is distributed as bonus shares. GST is generated on the rebate raised, recorded & held separately. There is the ability to apply this GST amount to either shareholding or a cheque run as determined by the board on a yearly basis. Also can print a GST adjustment note for the Rebates + GST and have this shown on the annual dividend statement along with the dividends raised for the year. There is a report to show sales for the year by product group by branch. The report lists sales to shareholders separate from sales to non-shareholders and calculates the percentage of total sales to shareholders. Statements are printed showing rebates, dividends, GST credit details, previous year purchases, previous year redeemed. The statement has a return page attached for the shareholder to advise what they wish to do with their dividend. A soft copy report is generated for ATO purposes as per the ATO specifications within the Magnetic Media Specification - Annual Investment Income Reports V9.0 March 2006. To distribute type B benefits, perform the following: 1. From the ProStix Main Menu select 'Shareholder Register' then 'Benefit Distribution' then 'Benefit Distribution' . 2. The 'Select Company' screen is displayed. Type the relevant company if applicable, then select . Search is available. 3. The 'Customer Shareholder Program' screen is displayed. 4. Type the shareholder program name, then select . Search is available. 5. The 'Type B Share Distribution Report/Update' screen is displayed. Refer to the ' Type B Share Distribution Report/Update ' collapsible link below for a screenshot and an explanation of the options: 6. The 'G/L Period to Post' screen is displayed. 7. You are prompted with the printing options.