Hi Emily, Thanks for the response. I have some other questions, perhaps others can elaborate on how this functionality is working... Here are my findings (I am also sending this to developers since they might have some insight)..
1. I could not find anywhere to configure the fiscal year. However I see that the code uses gregorian calendar. 2. When I created a savings product (today 04-Dec-07) with 30 days for interest calculation on min balance and 6 months for posting, in the database it recorded the LAST_INT_CALC_DATE = NULL NEXT_INT_CALC_DATE = 2007-12-22 NEXT_INT_POST_DATE = 2008-01-31 When I changed the system date so that it would calculate the interest, the dates were changed to LAST_INT_CALC_DATE = 2007-12-22 NEXT_INT_CALC_DATE = 2007-01-21 NEXT_INT_POST_DATE = 2008-01-31 >From the functional spec for savings product http://www.mifos.org/knowledge/functional-specs/product-definition#savings I see that the "Time period for interest rate calculation" has a note "Reference for time period is the start of fiscal year for all product instances." And for "Frequency of interest posting to accounts" has a note "Interest should be posted on the last day of the month for all the accounts." What this means is that my months are based on number of days so if I say 30 days, then in december (based on the Jan 1st fiscal year), my interest calculation date becomes 2007-12-22, however the posting will only happen at the end of the gregorian month (which in my example, even when I had selected 6 months, the date became the end of the next month). How are other MFI's setting these parameters, and how is it expected to be calculated? Am I missing something here?.. Thanks Soham > -----Original Message----- > From: [EMAIL PROTECTED] > [mailto:[EMAIL PROTECTED] On > Behalf Of Emily Tucker > Sent: Thursday, November 22, 2007 1:05 AM > To: Mifos functional discussions > Subject: Re: [Mifos-functional] Questions about Savings functionality > > Hi Soham, > > >1. Where do i define the fiscal year? > >Can this be any date or is it Jan 1st ? > > So I was about to point you to this link in the FS-- however > I noticed that there was no section detailing the capturing > of this info. I worked on the initial release of the product > and could have sworn we talked about the ability to configure > the fiscal year-- but looking through old docs, I couldn't > find any reference. I also couldn't find any reference in > the database. I would assume Mifos assumes Jan 1st as the > start of the fiscal year-- but a developer would probably > need to confirm this. Perhaps others on this list know more > than I do...? > > I opened an issue for the feature to configure start of the > fiscal year: > https://mifos.dev.java.net/issues/show_bug.cgi?id=1522 > > > >2. RE: The last date of the month, is this also only based on the > >gregorian calendar or can i specify the end of the months? > > I believe this is based on the gregorian calendar. > > >3. in the table saving_account i see the NEXT_INT_CALC_DATE, > >NEXT_INT_POST_DATE.. is this what the system uses to calculate and > >post interest? > > That would be my guess. > > Sorry I couldn't be more definitive in my answers-- let me > know if you uncover anything in your investigation, > > Emily. > > -------------------------------------------------------------- > ----------- > This SF.net email is sponsored by: Microsoft Defy all > challenges. Microsoft(R) Visual Studio 2005. > http://clk.atdmt.com/MRT/go/vse0120000070mrt/direct/01/ > _______________________________________________ > Mifos-functional mailing list > [EMAIL PROTECTED] > https://lists.sourceforge.net/lists/listinfo/mifos-functional ------------------------------------------------------------------------- SF.Net email is sponsored by: The Future of Linux Business White Paper from Novell. From the desktop to the data center, Linux is going mainstream. Let it simplify your IT future. http://altfarm.mediaplex.com/ad/ck/8857-50307-18918-4
