$136,674.73
After 12
Months
↓ ↓ ↓ ↓
↓ 3 Payment Funds ↓
P1B
How the
Action Fund works
All payment funds pay according to the input and support of each individual member!
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Payments are made according to each members actions during the preceding fortnight.
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THE ACTION FUND CONSISTS OF 6 ACCOUNTS
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Each account accesses data from the app and from new membership nominations. This data is added to the data contained in the account from the previous fortnight.
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The 6 accounts are;
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BA04-Introductions
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BA05-Trips & Miles
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BA06A-Stars
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BA06B-Quiz & Questionnaire
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BA07-Join Date
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BA08-Action Fund Totals
BA08-
Action Fund: Totals
In this account the calculated payments from each part of fund is carried forward to the Action Fund Totals.
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There is no coefficient skewing as each part has applied the coefficient already.
15% of each member's total is ADDED to provide the source amounts for the IR Fund payments. See more on the IR Fund.
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Automatic checks are used on this account to verify that each input, output and each calculation is correct.
