Overview
A combined member statement can now be produced for each member. When a member statement is combined the following information is consolidated:
- The earliest account start date will be presented;
- Combined vested benefits amount (sum of all member account balances);
- Death benefit amount of first member account (sum of all member account balances plus death benefit of first account);
- The balance of all member accounts and the combined preservation components;
- The increases and decreases of all member accounts combined during the specified period.
How to prepare
1. From the Reports screen, in the left-hand menu, select Financial Reports and then Add the Consolidated Members Statement.
2. Select Settings
Review the following Settings prior to preparation.
Setting | Explanation |
---|---|
Show last year column | Select Yes to display a comparative column (last year) for the member. |
Show Graph | Select Yes to display bar graph of the member data. |
Show rate of return | Select Yes to display the rate of return for the member. Refer to Rate of Return on Member Statements for calculation information. |
Show signing page | Display a signing page for members when selecting Yes. Refer to Can signature fields be added to Member Statements? |
Display Nominated Beneficiaries | Display Nominated Beneficiaries recorded against the member. |
Select Save.
3. Select download PDF, EXCEL or WORD. Alternatively, this report can be added to a Report Pack.