Hi Soham,
Many apologies on my delayed response. Your email is very clear-- thank
you for laying out some concrete options. It is very interesting to
know that Nepal runs their financial years on he Nepali calendar! Is
that standard across the country or just specific to the MFI?
My comments inline.
Note that I added a line item for this functionality to the product
roadmap, albeit in the "unscheduled" section :-) and created a wiki
page to capture the requirements you describe below:
http://www.mifos.org/developers/roadmap/product-roadmap
________________________________
From: [EMAIL PROTECTED]
[mailto:[EMAIL PROTECTED] On Behalf Of
Soham Dhakal
Sent: Thursday, December 06, 2007 10:00 PM
To: 'Mifos functional discussions'; 'Developer'
Subject: [Mifos-functional] Savings Functionality - Addition of
a Feature -Need Input
Hi All,
Background - Swabalamban Bikas Bank is planning on deploying
Mifos. There is one other functionality they would like to have. I need
input from others as to how this functionality should be applied.
Functionality - Saving Product Interest Capitalization
SBB capitalize their interest (post) on a specific date which
conincides with their bi-annual closing based on the Nepali calendar.
This date can fall on different Gregorian Calendar Dates. For e.g. This
fiscal Nepali year they are on Jan 17th 2007 and Jul 16th 2008. They
need functionality to calculate the interest till this date and then
post it to the accounts. The interest is actually calculated monthly
(based on the Nepali month) on the min balance ( since mifos does not
support nepali calendar they are planning to use 28 day for interest
calculation on the min amount).
So for the Posting functionality here are some options
1. A batch job is used to update the "NEXT_INT_POST_DATE" to the
correct date. (However i still have to dig into how exactly this
functionality works for dates that are not end of the month) .. see spec
http://www.mifos.org/knowledge/functional-specs/product-definition#savin
gs
<http://www.mifos.org/knowledge/functional-specs/product-definition#savi
ngs>
not sure if I understood what you mean by this...
2. A button (action) is added on the admin tab to "post interest
". So when a user clicks on it, the interest is posted.
My instincts tell me that this might be the best approach. Do
others in the community have any thoughts? It should probably be a link
to a page that allows you to do this action-- and there should
definitely be a prompt to ask "are you sure you want to proceed"--
before allowing this action. I assume that once you've posted interest,
you can "unpost" :-)
I also suspect that the right way to build this is that once you
click this button, then a batch job at night would then apply the
interest. Would be too resource intensive, I think, if you tried to
apply interest in real time.
3. A Date field is added to the saving product definition where
user will be able to enter the date for the next posting.. (however this
may change from one fiscal year to next or every six months), so if the
user updates this date once interest isposted, this change should be
reflected on all exisiting instances of the product.
This seems more difficult and potentially confusing.
Please give your feedback and suggestions or if you can think of
other options.
Thanks
Soham
Soham Dhakal <mailto:[EMAIL PROTECTED]>
Magnus Consulting Group Pvt. Ltd
977-1 5546945
3/469 Pulchowk| GPO Box 19446 | Lalitpur | Nepal
www.magnus.com.np <http://www.magnus.com.np/>
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