---------- Forwarded message --------- From: Sr Finance <srfi...@gmail.com> Date: Fri, 20 Dec, 2019, 11:34 PM Subject: Re: [Mifos-users] [Mifos-developer] Over due Interest accrual posting To: Santosh Math <sant...@confluxtechnologies.com>, A good place to start for users or folks new to Mifos. <mifos-users@lists.sourceforge.net>
If loan on 1/8/19 is rs10000 at the rate of 12% interest repayable by 10 months with overdue interest of rs. 10 for a month ,and client failed to pay then 1/9/19 emi will be 1000 with no penalty. 1/10/19 emi will be 1000+od interest 10=so accrual be 10 1/11/2019 the od accrual interest should be 20( 1/10/19 due accrual 10+1/11/19 accrual 10=20) , in normal. 1/10/19 accrual rs. 10 1/11/19 accrual rs. 20 1/12/19 accrual rs. 30 but in mifos 1/10/19 accrual rs. 10 1/11/19 accrual rs. 10 1/11/19 accrual rs. 10 1/12/19 accrual rs. 10 1/12/19 accrual rs. 10 1/12/19 accrual rs. 10 Instead of 3 transaction, 6 transactions added to get same result. More load on mifos. Rajan chennai On Fri, 20 Dec, 2019, 7:32 PM Santosh Math, <sant...@confluxtechnologies.com> wrote: > Hi Rajan, > Apologies. I am not able to understand your query. Is it reproducible in > our staging instance - https://staging.openmf.org? > > On Wed, Dec 18, 2019 at 10:58 AM Sr Finance <srfi...@gmail.com> wrote: > >> Sir >> 1 Over due Interest accrual posted in mifos as one accrual interest and >> like on for 2 default, posted 2 separate entry for accrual and so on for 3 >> due default it generates 3 transaction instead of single transaction with >> 3*overdue interest, it will reduce the load on mifos. >> >> Rajan Sr finance Chennai >> Mifos-developer mailing list >> mifos-develo...@lists.sourceforge.net >> Unsubscribe or change settings at: >> https://lists.sourceforge.net/lists/listinfo/mifos-developer > > > > -- > Thanks & Regards > > Santosh Math > > *QA Engineer* > > *Conflux Technologies Pvt Ltd <http://www.confluxtechnologies.com/>* > | *Office*: +91-080-41208662 | > > *Address*: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block, > Bengaluru, Karnataka, 560043 INDIA > _______________________________________________ > Mifos-users mailing list > Mifos-users@lists.sourceforge.net > https://lists.sourceforge.net/lists/listinfo/mifos-users >
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