i really thank you 2010/5/20 Maina Wachira <[email protected]>
> Hi Shekko, > > Jessica has hit the nail on the head. When it comes to principal and > interest, the interest is paid first. > > Hope that answers your question. > > Regards, > Maina > > -----Original Message----- > From: Jessica Cheng [mailto:[email protected]] > Sent: 20 May 2010 08:30 > To: 'A good place to start for users or folks new to Mifos.' > Subject: Re: [Mifos-users] payment priority > > Hi Shekko, > > Here is your answer. > "System submits the amount received. The amount is first applied against > the > penalty due. After penalty payment, if there is an excess, the amount is > applied to the fee due, followed by interest due and then the principal." > > You can find more information on this link - > > http://www.mifos.org/knowledge/functional-specifications/transaction-process > ing/loan-payments#introduction<http://www.mifos.org/knowledge/functional-specifications/transaction-process%0Aing/loan-payments#introduction> > > Cheers, > Jessica > > -----Original Message----- > From: Shekko [mailto:[email protected]] > Sent: May 20, 2010 12:47 PM > To: [email protected] > Subject: [Mifos-users] payment priority > > > hi > > i need a help with this > > what is the order of priority to pay? I mean when a pay is posted. the > order for pay is fees, interest and at last principal, or how?. where > I can find that information? > and it is possible to change that, at configuration level, no coding? > > > btw what is the term for that?, i just know the description =/, sorry > > thank you > > > ---------------------------------------------------------------------------- > -- > > _______________________________________________ > Mifos-users mailing list > [email protected] > https://lists.sourceforge.net/lists/listinfo/mifos-users > > > > ---------------------------------------------------------------------------- > -- > > _______________________________________________ > Mifos-users mailing list > [email protected] > https://lists.sourceforge.net/lists/listinfo/mifos-users > > > > > ------------------------------------------------------------------------------ > > _______________________________________________ > Mifos-users mailing list > [email protected] > https://lists.sourceforge.net/lists/listinfo/mifos-users >
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