OSDir


[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

IMP::Interest calculation in Mifos


Hi Team,

Can we do the following accounting setup in Mifos as given below? I have
tried with Interest recalculation feature and It's not worked out. Need
help on this.

1. Have daily interest accruals at the back end 2. Debit the sum total of
the accruals to the loan account at month end and credit to interest
received GL a/c. 3. This amount of interest should reflect in the loan a/c
under transactions. 4. When the EMI is repaid, the interest portion will be
squared off in the a/c and remaining will go to the principal in the loan
a/c. 5. Total loan balance will be the sum of principal o/s, interest o/s
and charges o/s

-- 


------------------------------
Regards,
Hariharan.G
Technical Consultant | Habile Technologies
www.habiletechnologies.com | (O): +91 44 4202 0550 | (M): + 91 90030 25156
Skype: hari.mitteam | https://www.facebook.com/HabileTechnologies
<https://www.facebook.com/HabileTechnologies>

------------------------------
DISCLAIMER:
All emails and any files transmitted with them are confidential and
intended solely for the use of the individual or entity to whom they are
addressed. If you have received an email in error please notify your system
manager. The message in the email you have received contains confidential
information and is intended only for the individual named. If you are not
the named addressee you should not disseminate, distribute or copy the
email. Please notify the sender immediately by email if you have received
an email by mistake and delete the email from your system. If you are not
the intended recipient you are notified that disclosing, copying,
distributing or taking any action in reliance on the contents of the
information is strictly prohibited.