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.
