Hello Keith; > -At the moment to do a payment, if the payment is done before that the > payment date established in the schedule, the system considerate that the > interest amount for this installment is less than it should be, so the > system apply the payment with a less amount for this installment and the > rest is applied for the next installment and with the passing of the days > the interest of the first installment continue able and after the payment > date, is considerated as a penalty. The foundation would like to be able to > apply payments before that the payment date established with any problem for > take this to the customer history as a good pay
If i understand Marco correctly, I guess 2 replicate this behavior, Use Declining Balance-Interest Recalculation So input a loan of 1,000,000 at 10 % per month, for 1 installment, the expected payment at the end of 1 month is 1,100,000. If the Client brings 1,100,000 after 3 days only interest for the 3 days will be applied to the loan and the balance will be left showing the client has pending balance to pay. Yet in actual sense this Client paid in full (As a gud pay per say) So do U think this is a bug? It would be nice to have flexibility to apply payment upto the full installment i.e 1,100,000 then close this clients account On May 10, 10:45 pm, Keith Woodlock <[email protected]> wrote: > Marco, > > I'll try to answer your questions as best I can from point of view of > mifos software: > > > -When generate a schedule of payments, if one of the payment date falls on > > sunday, the system take the day of payment as the next day. The foundation > > would like to take the payments date in the schedule normally when these > > fall sunday. > > Out of the box configuration or mifos has sunday as weekend (or not > business day of week). You should be able to change your configuration > so that all days of week are considered business days, that way the > automatic schedule generation wont skip sunday. (as far as i can > remember.) > > > -When generate a schedule, for the rounding in the installments, the last > > installment has an amount different from the other installments. The > > foundation would like to generate the schedule with the same amount for each > > istallment. > > I think this is deeply engrained in the mifos automatic loan schedule > generation and I dont think theres an easy way to get what you want > instead of it. Other may know better though. > > > -At the moment to do a payment, if the payment is done before that the > > payment date established in the schedule, the system considerate that the > > interest amount for this installment is less than it should be, so the > > system apply the payment with a less amount for this installment and the > > rest is applied for the next installment and with the passing of the days > > the interest of the first installment continue able and after the payment > > date, is considerated as a penalty. The foundation would like to be able to > > apply payments before that the payment date established with any problem for > > take this to the customer history as a good pay. > > What 'approach are you using'? interest-recalculation? Dont fully > understand what is being said here. > > Hopefully others can help out more. > > Keith. > > > > On Thu, May 10, 2012 at 8:22 PM, Ed Cable <[email protected]> wrote: > > Hey all, > > > Some questions from Marco from Quipu Technologies: > > > El 10/05/12 13:20, "Marco Vergaray" <[email protected]> > > escribió: > > > -When generate a schedule of payments, if one of the payment date falls on > > sunday, the system take the day of payment as the next day. The foundation > > would like to take the payments date in the schedule normally when these > > fall sunday. > > > -When generate a schedule, for the rounding in the installments, the last > > installment has an amount different from the other installments. The > > foundation would like to generate the schedule with the same amount for each > > istallment. > > > -At the moment to do a payment, if the payment is done before that the > > payment date established in the schedule, the system considerate that the > > interest amount for this installment is less than it should be, so the > > system apply the payment with a less amount for this installment and the > > rest is applied for the next installment and with the passing of the days > > the interest of the first installment continue able and after the payment > > date, is considerated as a penalty. The foundation would like to be able to > > apply payments before that the payment date established with any problem for > > take this to the customer history as a good pay. > > > ------------------------------------------------------------------------------ > > Live Security Virtual Conference > > Exclusive live event will cover all the ways today's security and > > threat landscape has changed and how IT managers can respond. Discussions > > will include endpoint security, mobile security and the latest in malware > > threats.http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/ > > _______________________________________________ > > Mifos-users mailing list > > [email protected] > >https://lists.sourceforge.net/lists/listinfo/mifos-users > > ------------------------------------------------------------------------------ > Live Security Virtual Conference > Exclusive live event will cover all the ways today's security and > threat landscape has changed and how IT managers can respond. Discussions > will include endpoint security, mobile security and the latest in malware > threats.http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/ > _______________________________________________ > Mifos-users mailing list > [email protected]https://lists.sourceforge.net/lists/listinfo/mifos-users ------------------------------------------------------------------------------ Live Security Virtual Conference Exclusive live event will cover all the ways today's security and threat landscape has changed and how IT managers can respond. Discussions will include endpoint security, mobile security and the latest in malware threats. http://www.accelacomm.com/jaw/sfrnl04242012/114/50122263/ _______________________________________________ Mifos-users mailing list [email protected] https://lists.sourceforge.net/lists/listinfo/mifos-users
