Thank you Joseph and Ed for your guidance. I have got how to configure advancing accounting rules in a saving product and configuring payment-types as well. But let me do step by step to explain my question again: 1- In advanced accounting rules of saving-product definition map a Payment-type(CHEQUE) to a GL chequeBook(already defined GL). 2- In the client account list, create a new account from the defined saving product. 3- Approve and activate the account. 4- Make a deposit to newly created account and select the CHEQUE payment type
Actual result : System makes a deposit and transactions entries contains two legs (Cr saving account and Dr CASH GL account) My Expected result is : after making deposit the transaction should be( *Cr saving account and Dr CEQUE GL account* ) Is my expectation true? if not, please show me how to use payment-types. I used the online version(cui.fineract.dev <https://cui.fineract.dev/?baseApiUrl=https://demo.fineract.dev&tenantIdentifier=default> ) to do the above test . Thanks for your help. Reza On Fri, Jun 26, 2020 at 4:20 AM Ed Cable <[email protected]> wrote: > Thanks Joseph for replying to Reza. > > Reza, to add to what Joseph says, you first define your GL accounts and > then when configuring your loan or savings products, if you enable cash or > accrual accounting, you can then specify with respective GL accounts get > debited and credits for various portfolio-related financial transactions > (interest expense, savings liability, etc.) > > As Joseph noted, when configuring accounting, you can set up advanced > accounting rules whereby for specific payment types you can map the > transaction to a specific source of funds so you're not limited to one > source of funds for that savings product but can have a different source of > funds debited/credited based on payment type. You first must also configure > the payment types that you support so they become available in the payment > type dropdown. > > Cheers, > > Ed > > On Thu, Jun 25, 2020 at 4:39 PM Joseph Cabral <[email protected]> > wrote: > >> Hi, >> >> You can map a GL account to a payment type using the Advanced Accounting >> Rules feature in Savings Product. >> [image: image.png] >> >> Regards, >> >> Joseph >> >> On Tue, Jun 23, 2020 at 2:05 PM reza sohbati <[email protected]> wrote: >> >>> Hi all. >>> I have a question about Fineract functionality and I don't know is this >>> a right place to ask my question !!! >>> >>> As my understandings, In saving products we can define payment types >>> and assign an ASSET GL account to it. >>> Also in Client Account when we do a DEPOSIT or WITHDRAW, we have the >>> ability of choosing a payment type. >>> >>> In cash deposit transaction I supposed to see the payment-type GL >>> account(which I set in production definition) transactions(Maybe instead >>> of cash account), but I saw a normal cash deposit entry. >>> >>> My question is : In definition of Saving product we can define a >>> payment-type and set a GL account to it. why we set this configuration to >>> the product? >>> >>> Thank you. >>> >>> >>> > > -- > *Ed Cable* > President/CEO, Mifos Initiative > [email protected] | Skype: edcable | Mobile: +1.484.477.8649 > > *Collectively Creating a World of 3 Billion Maries | *http://mifos.org > <http://facebook.com/mifos> <http://www.twitter.com/mifos> > >
