Member budget maintenance
The budget account is commonly used for administering CUNA's funeral plan. However, by the nature of the setup, it allows for many other utilities and suppliers alike. This program allows you to create and maintain a budget record for your member(s).

Setting up the savings details
- Member No - Members number.
- Name - Members name. (automatically filled in when member number is entered)
- Saving frequency -The frequency that money is deposited into the budget account. (automatic process)
- Saving value - The value of savings that are deposited into the budget account.
- Saving date - The date that money is due to be paid into the budget account.
- Review date - The date that this members budget account should be reviewed. (Normally reviewed on a year-to-year basis)
- Excess Limit - You can authorise an overdraft for a members budget account. As you can have more than one payee on a members budget account, it may be that frequencies vary between payees. Therefore the savings value may not cover a particular pay cycle but the overall yearly figure is covered.
- Average budget payment - This shows the average budget payment value (based on savings frequency i.e. weekly, monthly etc) depending on the overall total due to the payee(s).
- BudgetYTD - This shows the overall total that will be paid to the payee(s).
- Balance - This shows the current balance of the members budget account.
Setting up the payee(s) record(s) - (within the grid)
- Payee - A code relating to the payee. (see payee maintenance)
- Payee name - The name of the payee. (automatically filled in when a payee entered)
- Account number - The members account/reference number associated with the payee.
- Freq - The frequency that payments are made to the payee.
- No - The number of payments that will be sent to the payee.
- Paid - A running total of the number payments that have been sent to that pay.
- Value - The value of the payment that will be sent to the payee.
- YTD Value - The overall value that will be paid to that payee ("Value" x "No")
- Fixed - This can be either 'Y' or 'N'. Yes means that there will be a limited number of payments sent to the payee. No means that the "Freq" and "No" will determine how many payments are sent to the payee.
- Next payment - This is when the payee is due the next payment.
If you have used budget type maintenance, then you will have created a profile of your most often required budget payees. e.g. "CUNA - Family Funeral Plan". The wand
allows you to quickly choose from the list of budget payees, selecting all that are necessary for a member.