Thanks Mihaly for making the community aware. As you've noted this functionality around configurable payment allocation logic is long-awaited.
It would be nice when we get the chance (even though it's not part of Fineract itself) to include some screenshots which show how an admin user from a reference UI can configure the payment allocation logic. As James noted, it will also be critical that we reflect in the technical and functional documentation how we define or classify each each of the various portions of a payment that can be configured and allocated. Ed On Thu, Sep 7, 2023 at 8:05 AM James Dailey <jamespdai...@gmail.com> wrote: > Thanks for highlighting this upcoming contribution by our leading > contributors . > > We should also make sure that documentation around this makes it into the > asciidocs. > > James > > > On Thu, Sep 7, 2023 at 2:28 PM Mihály Dallos <mihaly.dal...@dpc.hu> wrote: > >> Dear Community! >> >> We are about to make a huge step forward in making Fineract customizable. >> We have started to work on a brand new payment allocation method. It is >> going to be independent from the previous ones. It has to as it will allow >> full customisation! >> >> How does it going to work? >> When you choose Advanced payment allocation you will be able to define in >> what order payments will be used. What does client pays off first... >> charges? principal? Past due or current? It'll be up to you. You will be >> able to set it differently for *each transaction type*! >> The meanwhile we introduce furter customisation when future obligations >> are payed. Will it be the last one getting your loan shorter? ... or >> distributed amongst instalments? It will be up to you. >> >> Beware that this is going to be such a powerful improvement that the days >> of the current payment strategies may get counted! >> >> If you wish to follow the development or you would leave a comment you >> can with the Fineract issue FINERACT-1968 >> <https://issues.apache.org/jira/browse/FINERACT-1968> >> >> Enjoy! >> >> Mihaly >> > -- *Ed Cable* President/CEO, Mifos Initiative edca...@mifos.org | 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>
