Hi Kisia,
Had about an hour on MIFOS today,
Thanks, LSIM worked fine, I can now create loan accounts that have a daily
repayment schedule.
. . . the repayment amounts are still not correct; see the attached
file.
is there any way around this or is there something I am missing?
Regards
On Thursday, 3 January 2013 17:06:37 UTC+3, Kasia Piecielska wrote:
>
> Hi Michael,
>
> About you first problem - I already wrote you about turning LSIM on in
> database. This option allows you to operate on accounts in any moment and
> makes accounts independent from schedules. When LSIM is on, you will be
> able e.g to create weekly loan account for client with monthly frequency
> meetings.
>
> Second problem - Algorithm implemented in Mifos is inaccurate for small
> amounts. If principal is higher (e.g. 1000) and number of installments is
> e.g. 10 everything works fine.
>
> Best regards,
> Kasia
>
> On 03.01.2013 13:27, Michael Philip wrote:
>
> Hi all,
>
> I am still new to MIFOS, probably what I am going to describe is not a bug
> but my ignorance
> (v2.6.0)
>
>
> 1. When creating loan accounts for clients, loan products that have a
> daily or monthly frequency do not show on the drop down list.
> 2. The total repayment calculation does not give the expected figures.
> e.g, using the example in
>
> http://mifos.org/functional-specifications/system-processing/interest-calculations-loan-accountsfor
> flat rates
> Principal is 100, interest 3% number of installments 4
> I get for each number of installments, the principal 24.9 and interest
> 0.1
>
> Is there something I am missing in both cases?
>
> More details in the attached document
>
> Regards
>
>
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