Justine Nam created FINERACT-493:
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Summary: Repayment method by Post Dated Checks
Key: FINERACT-493
URL: https://issues.apache.org/jira/browse/FINERACT-493
Project: Apache Fineract
Issue Type: New Feature
Components: Loan
Reporter: Justine Nam
Assignee: Markus Geiss
Repayment by Post Dated Checks
In Current updated MifosX, there is no convenient features for Post dated
checks Repayment.
Our company normally require Post Dated Checks to the client as repayment
method when their loan is approved.
If the term is 6 month, we asked them to provide 6 pcs Post Dated Checks for
repayment.
So, If it's possible........when we create the loan application for
individuals, make one more optional procedures to encode(input) the Post Dated
Checks details during Disburse Loan application
Normally, Check numbers are increased by 1...
example)
Name of Bank Due Date Account No. Check No. Amount
Citi Bank 1/1/2017 230016 *100001 1000
Citi Bank 1/2/2017 230016 *100002 1000
Citi Bank 1/3/2017 230016 *100003 1000
Citi Bank 1/4/2017 230016 *100004 1000
Citi Bank 1/5/2017 230016 *100005 1000
Citi Bank 1/6/2017 230016 *100006 1000
So, When we input the Postdated checks details.....
1. It should automatically generate the rows based on the term(get this data
from Loan application)
- if the term is 6 months, it should generate 6 rows for encoding of Checks
Info.
2. For Check No. field, when we input first check No. , it should automatically
generate Check no. increased by 1
3. This data table is linked with Repayment Schedule.
When we see the repayment schedule , Check No. must be showed (If that data is
encoded)
4. when we see the collection sheet, those information(like check no, bank
name) will automatically appear and can be edited as well...Also, It can be
cleared(make payment) in Collection Sheet
In current MifosX system, we need to encode one by one whenever there is
due-payment.
Collection Sheet -> Add payment detail -> input the Check detail.
If we have a few post dated checks, it's ok .....But If there are many checks
to encode the datails for checks.....this is time consuming works.
I hope someone work on this matter..
thank you
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