Hi Roshan, Before we discuss, please understand the functionality of prepay loan and Interest Recalculation by referring the folloiwng user manual links:
https://mifosforge.jira.com/wiki/spaces/docs/pages/81723420/Making+Prepay+of+the+loan https://mifosforge.jira.com/wiki/spaces/docs/pages/81723469/How+to+Prepay+a+Loan+Account https://mifosforge.jira.com/wiki/spaces/docs/pages/82149390/Recalculate+Interest On Wed, Apr 24, 2019 at 12:21 PM Roshan Ratnaweera <[email protected]> wrote: > Dear Santosh, > > I'm waiting for your reply. > > Regards, > Roshan. > > On Tue, Apr 23, 2019 at 10:03 AM Roshan Ratnaweera <[email protected]> > wrote: > >> Dear Santosh, >> >> There is no preclose button but "prepay loan" is available(we are using >> 17.07 version). Anyway we are using "make repayment" button to do every >> repayments. I have no idea about IR option also but Interest Calculation >> Period is same as repayment period. Here with attached loan product >> information. >> Please advise me if I am doing wrong things. >> >> Thank you, >> Roshan Ratnaweera. >> >> On Mon, Apr 22, 2019 at 3:32 PM Santosh Math < >> [email protected]> wrote: >> >>> Hi Roshan, >>> How did you preclose the loan? Using Precose loan button or directly >>> paying through 'Make Repayment' button? >>> >>> Is your loan product enabled with IR? What is the interest calculation >>> period? >>> >>> On Fri, Apr 19, 2019 at 12:42 PM Roshan Ratnaweera <[email protected]> >>> wrote: >>> >>>> Dear Community, >>>> >>>> Could someone explain me this ? >>>> >>>> On Tue, Apr 16, 2019, 8:44 PM Roshan Ratnaweera <[email protected]> >>>> wrote: >>>> >>>>> Dear All, >>>>> >>>>> I have doubt about interest income recognition when a loan is settled >>>>> before expected mature done date. >>>>> >>>>> I retrieved account entries of early settled loan from database. Its >>>>> sum of income interest is less than actual interest portion. >>>>> >>>>> So please kindly let me know, how effect above scenario for income >>>>> statement report. >>>>> >>>>> Here with attached loan information, Repayment schedule, Transactions, >>>>> All account entries, Interest income account entries, Loan product account >>>>> information of above mentioned loan. >>>>> >>>>> Your earliest attention is highly appreciated. >>>>> >>>>> Thanks & Regards >>>>> >>>> Mifos-developer mailing list >>>> [email protected] >>>> Unsubscribe or change settings at: >>>> https://lists.sourceforge.net/lists/listinfo/mifos-developer >>> >>> >>> >>> -- >>> Thanks & Regards >>> >>> Santosh Math >>> >>> *QA Engineer* >>> >>> *Conflux Technologies Pvt Ltd <http://www.confluxtechnologies.com/>* >>> | *Office*: +91-080-41208662 | >>> >>> *Address*: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block, >>> Bengaluru, Karnataka, 560043 INDIA >>> Mifos-developer mailing list >>> [email protected] >>> Unsubscribe or change settings at: >>> https://lists.sourceforge.net/lists/listinfo/mifos-developer >> >> -- Thanks & Regards Santosh Math *QA Engineer* *Conflux Technologies Pvt Ltd <http://www.confluxtechnologies.com/>* | *Office*: +91-080-41208662 | *Address*: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block, Bengaluru, Karnataka, 560043 INDIA
