Title: Message Title
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Change By:
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Binny Gopinath Sreevas
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Fix Version/s:
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ImmediateBacklog
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Summary:
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Accounting - allow a liability account changes to be selected for pass-through Fees accounts mapped to loan / Charges savings products
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a) Allow liability accounts also to be selected for pass-through incomes/fees/charges
Some fees/charges (example: insurance fees) are pass-through fees. i.e. money collected on behalf of the insurance company and will be paid to the insurance company. It is incorrect to account these money received as "Income". They should be treated as Liability are liability accounts (for example: insurance payable to Insurance Company) .
In Accounting for a product, under "Income from Fees", Mifos X should show Income accounts and Liability accounts - so that user can select a liability account to denote a pass-through fee/charge.
b) For Savings account - under Accounting - Liabilities - Savings Control - this should include equity accounts also along with liabilities. This will allow a share account to be specified as a zero-interest deposit account and at the same time allow accounting to treat such accounts as equity.
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