Hi Amit,
What have seen being practised in all financial institutions I have interacted
with and also what is stipulated in the industry best practises (Refer CGAP) is
when one pays the dues after write off the same are credited to an income
account mostly named Value of written off loans recovered and they do not
reopen the written off account.
Regards,
Zayyad A. Said
Sent from Samsung tablet
AMIT JAIN <[email protected]> wrote:
Hi Zayyad,
But when some one client is willing to pay your dues after write-off and he
also requires his name out off defaulters list in that case??
Regards
AMIT
On Sat, Oct 11, 2014 at 1:13 PM, Zayyad A. Said
<[email protected]> wrote:
Amit,
I dont think this is right as per international accounting standards.
A written off loan should be classified as closed i.e. should not be reopened
and relevant expense entries must be passed. When the same loan is recovered it
should be realized as income under Written off loans recovered.
Lets hear the views of other users before changing the system.
Regards,
Zayyad A. Said
Sent from Samsung tablet
AMIT JAIN <[email protected]> wrote:
Hello,
So many times it happens that we classified a loan as write-off as per norms
but many clients come and settle or repay their loans to change their status
from default to regular in Credit Bureau
Please help on that.
Regards
On Sat, Oct 11, 2014 at 9:51 AM, Santosh Math <[email protected]>
wrote:
Hi Raj,
Writing-off loan means, in other words, closing the loan. I need to know why
you do want to change a write-off loan to close(as rescheduled). This feature
is not yet available in MifosX.
On Fri, Oct 10, 2014 at 8:03 PM, Raj Jain <[email protected]> wrote:
PLEASE ADVISE THE STEPS TO BE TAKEN TO CHANGE A WRITE-OFF LOAN TO CLOSE AS
(RE-SCHEDULED)
REGARDS,
Raj Jain
Executive Director
RARA Group
Direct: +256.772.739.999
Direct: +256.777.166.392
Tel: +256.414.251.251
skype Id: rarainc
email: [email protected]
website: www.rarainfotech.com
Address: Raja Chambers, Suite 11-14, Parliament Ave, Plot no 3, Kampala,
Uganda
------------------------------------------------------------------------------
Meet PCI DSS 3.0 Compliance Requirements with EventLog Analyzer
Achieve PCI DSS 3.0 Compliant Status with Out-of-the-box PCI DSS Reports
Are you Audit-Ready for PCI DSS 3.0 Compliance? Download White paper
Comply to PCI DSS 3.0 Requirement 10 and 11.5 with EventLog Analyzer
http://pubads.g.doubleclick.net/gampad/clk?id=154622311&iu=/4140/ostg.clktrk
_______________________________________________
Mifos-users mailing list
[email protected]
https://lists.sourceforge.net/lists/listinfo/mifos-users
--
Thanks & Regards
Santosh Math
Mifos Trainer
Conflux Technologies Pvt Ltd
Skype Id: mifos.support
------------------------------------------------------------------------------
Meet PCI DSS 3.0 Compliance Requirements with EventLog Analyzer
Achieve PCI DSS 3.0 Compliant Status with Out-of-the-box PCI DSS Reports
Are you Audit-Ready for PCI DSS 3.0 Compliance? Download White paper
Comply to PCI DSS 3.0 Requirement 10 and 11.5 with EventLog Analyzer
http://p.sf.net/sfu/Zoho
_______________________________________________
Mifos-users mailing list
[email protected]
https://lists.sourceforge.net/lists/listinfo/mifos-users
--
AMIT JAIN | E.D | Digamber Finance (Chota Loan Bade Sapne) | +919414041821 |
------------------------------------------------------------------------------
Meet PCI DSS 3.0 Compliance Requirements with EventLog Analyzer
Achieve PCI DSS 3.0 Compliant Status with Out-of-the-box PCI DSS Reports
Are you Audit-Ready for PCI DSS 3.0 Compliance? Download White paper
Comply to PCI DSS 3.0 Requirement 10 and 11.5 with EventLog Analyzer
http://p.sf.net/sfu/Zoho
_______________________________________________
Mifos-users mailing list
[email protected]
https://lists.sourceforge.net/lists/listinfo/mifos-users
--
AMIT JAIN | E.D | Digamber Finance (Chota Loan Bade Sapne) | +919414041821 |
------------------------------------------------------------------------------
Meet PCI DSS 3.0 Compliance Requirements with EventLog Analyzer
Achieve PCI DSS 3.0 Compliant Status with Out-of-the-box PCI DSS Reports
Are you Audit-Ready for PCI DSS 3.0 Compliance? Download White paper
Comply to PCI DSS 3.0 Requirement 10 and 11.5 with EventLog Analyzer
http://p.sf.net/sfu/Zoho
_______________________________________________
Mifos-users mailing list
[email protected]
https://lists.sourceforge.net/lists/listinfo/mifos-users
