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https://issues.apache.org/jira/browse/FINERACT-407?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=16798419#comment-16798419
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Vishwas Babu A J commented on FINERACT-407:
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[~edcable] , [~santoshmath] : I have not looked into the dormancy functionality
as implemented in Fineract . However , I have read the spec and it isn’t clear
if there are accounting entries associated with moving an account to dormancy (
or this is used as just a reporting flag ?).
If moving the account to dormancy has accounting entries , then we would have
to ask the reporter to use the same instead of closing accounts that are
inactive (as long as the funds are moved into a configurable liability account
, I am assuming this would meet the needs the reporter is trying to satisfy by
closing unused accounts from an accounting perspective )
> Ability to Re-open closed Accounts (especially Savings and Share Accounts)
> --------------------------------------------------------------------------
>
> Key: FINERACT-407
> URL: https://issues.apache.org/jira/browse/FINERACT-407
> Project: Apache Fineract
> Issue Type: Improvement
> Components: Savings
> Reporter: Ippez Roberts
> Assignee: Markus Geiss
> Priority: Major
> Labels: Fineract-CN, gsoc, p3
>
> When a client has not make transactions for many years for example, the MFI
> may not know if the client is alive or dead so the MFI can decide to close
> this client's Accounts (Savings and Share Accounts). The balances of this
> account can be transferred to a GL Account.
> Client - GL Transfer: DR Client Accounts and CR. GL Account e.g Share Transfer
> After some time, the client surfaces and would like to make transactions on
> his accounts.
> As a system admin, i should be able to re-open these closed accounts and be
> able to transfer the balances from the contra Account back to client's
> Savings Account either automatically or manually through batch/journal
> Entries where you DR. GL Accounts affected (where the balances are
> transferred) and Credit Clients Savings and Share Accounts with the balances
> at closure.
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