You can find this account details here
https://staging.openmf.org/#/viewshareaccount/1
Username&Password -> mifos, password

Regards,
Nazeer

On Tue, Dec 12, 2017 at 5:36 PM, Nazeer Shaik <
[email protected]> wrote:

> Hi Sander,
>
> We have 3 types of charges.
> 1) Purchase charges -> It will be applied on share purchases
> 2) Redeem charges -> It will be applied on share redeems
> 3) Account activation charges -> It will be collected on account
> activation. (May be we need to change the label in the community app)
>
> See one example below
>
> Journal Entries:
> id account_id office_id currency_code transaction_id entry_date type_enum
> amount office_running_balance organization_running_balance
> share_transaction_id
> 192 36 1 USD SH19 12-12-2017 2 7 7 7 19
> 193 37 1 USD SH19 12-12-2017 1 5 5 5 19
> 194 39 1 USD SH19 12-12-2017 1 2 2 2 19
> 195 37 1 USD SH19 12-12-2017 2 5 0 0 19
> 196 38 1 USD SH19 12-12-2017 1 5 *5* 5 19
> 197 36 1 USD SH18 12-12-2017 2 4 *11* 11 18
> 198 39 1 USD SH18 12-12-2017 1 4 *6* 6 18
> Account 36 Share Reference
> Account 37 Share Suspense Control
> Account 38 Share Equity
> Account 39 Income from Fees
> *Count* *Price($)*
> Shares Purchased 10 0.5
> Purchase Charge (Flat) 2
> Total 7
> Activation Charge (Flat) 4
> Total 11
> Can you give bit more details which one is not matching please.
>
> Regards,
> Nazeer
>
> On Tue, Dec 12, 2017 at 5:09 PM, Sander van der Heyden <
> [email protected]> wrote:
>
>> Hi Nazeer, Santosh,
>>
>> When it comes to the charges bookings, we've seen that it is only booked
>> upon activation. That however creates a situation where your charges on
>> share accounts are not equal to the balance in your GL accounts which is
>> not only confusing to customers, but also technically incorrect. I would
>> therefore recommend to also only add the charge at time of activation,
>> same
>> way it is done for savings accounts and other deposit products. This way
>> the system behaves consistently across products and it becomes easier to
>> document and explain to endusers.
>>
>> S
>>
>>
>>
>> Sander van der Heyden
>>
>> CTO Musoni Services
>>
>>
>>
>>
>> Mobile (NL): +31 (0)6 14239505
>> Skype: s.vdheyden
>> Website: musonisystem.com
>> Follow us on Twitter!  <https://twitter.com/musonimfi>
>> Postal address: Hillegomstraat 12-14, office 0.09, 1058 LS, Amsterdam,
>> The Netherlands
>>
>> On 12 December 2017 at 12:27, Nazeer Shaik <
>> [email protected]> wrote:
>>
>> > Hi Santosh,
>> >
>> > As discussed it is not adding duplicate journal entries. Once account is
>> > created, it is adding the journal entries for Share Reference, Share
>> > Suspense Control, Income from fees (if purchase charge is added).
>> > Once account is approved, Suspense amount will be moved to Share
>> Equity. So
>> > we are adding new journal entries.
>> > Once account is activated, the activation charge journal entries are
>> added.
>> >
>> > Please verify all possible scenarios provide detailed explanation to
>> > Andrew. If any issue is there, please update in the already created jira
>> > issue.
>> >
>> > Regards,
>> > Nazeer
>> >
>> > On Tue, Dec 12, 2017 at 10:02 AM, Santosh Math <
>> > [email protected]> wrote:
>> >
>> > > Hi Andreew,
>> > >
>> > > This issue exists and raised here:
>> > >
>> > > https://issues.apache.org/jira/browse/FINERACT-574
>> > >
>> > > Let me know if I am missing something.
>> > >
>> > > Thanks
>> > > Santosh
>> > > On Mon, Dec 11, 2017 at 9:41 PM, Andrew Dzakpasu <
>> > > [email protected]> wrote:
>> > >
>> > > > Hi
>> > > >      I have currently been playing around with creating of share
>> > > account. I
>> > > > have notice a behaviour which is not consistent with other parts of
>> the
>> > > > system in regards to bookings of journals.
>> > > > Is there any reason why bookings are made prior to a share account
>> been
>> > > > active ?.
>> > > > An Example is
>> > > >
>> > > > 1. When creating a share account with a share purchase charge of 2
>> > > dollars
>> > > > and number of shares as 10. After creating the share account you
>> will
>> > > > notice that bookings have already been made in the journals entry.
>> Even
>> > > > though the share account is not active yet
>> > > >
>> > > > 2. When you approve the share account above. You will again notice
>> > > bookings
>> > > > in the journal entry are made. Even though the share account is not
>> > > active
>> > > > yet.
>> > > >
>> > > > 3. I also notice when an activation share charge is attached to a
>> share
>> > > > account. When the share account is created there is a entry created
>> in
>> > > the
>> > > > "m_share_account_charge_paid_by"  even though the charge is not
>> paid.
>> > In
>> > > > other parts of the system i.e. loans or savings  this entry is only
>> > made
>> > > > when the charge is paid for or for savings this is made when the
>> > savings
>> > > > account is active.
>> > > >
>> > > > What is the reason for the prior bookings before the share account
>> is
>> > > > active as this is very confusing.
>> > > > Can anybody explain why this is done so.
>> > > >
>> > > > kind regards
>> > > > Andrew
>> > > >
>> > >
>> >
>>
>
>

Reply via email to