Good day On my end, the declining balance is configured and it's behaving as outlined by Nyakubaya. I tried changing the rounding off options in global configurations but still the system rounds down all the installments and sets off with the last installments which I think should not be the case.
On Thu, Sep 21, 2023 at 6:45 AM PETER KIPROP <kipropli...@gmail.com> wrote: > Which interest method did you choose while creating the loan product > itself? is it a Flat or declining balance? > [image: image.png] > > On Wed, Sep 20, 2023 at 12:28 PM NYAKUBAYA Blessing <bless...@servcred.com> > wrote: > >> Good day, >> >> >> >> We have just started populating our Mifos and noticing that the >> amortisation schedule is rounding down: >> >> 1. The first Principal Due, and >> 2. All the monthly installments, (except the final installment). >> >> Then rounds up all the cumulative decimals affected by the explanation >> above into the final installment as shown in the highlighted cell. >> >> >> >> I have supplied, further below, the Excel Based amortisation schedule for >> the same loan and everything works well up to the end of the loan. >> >> >> >> If someone else has come across this issue before, may you kindly share >> the solution? >> >> >> >> >> >> >> >> Regards, >> >> >> >> *Blessing **Nyakubaya* >> _______________________________________________ >> Mifos-users mailing list >> Mifos-users@lists.sourceforge.net >> https://lists.sourceforge.net/lists/listinfo/mifos-users >> > _______________________________________________ > Mifos-users mailing list > Mifos-users@lists.sourceforge.net > https://lists.sourceforge.net/lists/listinfo/mifos-users > -- Tinashe Muchenje
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