Hello Bharath We are using Apache-fineract 1.7.3 The decimal places are setup as 2 at product level.
I have been chatting with 3 other users and support technicians, and they are all acknowledging the existence of the problem across versions now. If you change the amortisation type from reducing interest balance to equal interest the system works perfectly fine. All decimals in place. But once you switch back to reducing balance, the rounding problem returns. Regards. Blessing. Sent from Outlook for iOS<https://aka.ms/o0ukef> ________________________________ From: Bharath Gowda <bgo...@mifos.org> Sent: Thursday, September 21, 2023 3:29:13 PM To: tmuche...@gmail.com <tmuche...@gmail.com>; A good place to start for users or folks new to Mifos. <mifos-users@lists.sourceforge.net> Subject: Re: [Mifos-users] Rounding up Problem : Amortisation Monthly Instalment Hi Nyakubaya, Tinashe, That's an Interesting Issue that we are discussing here, Could you let us know which version of fineract you are getting this error. Also, what is the decimal place mentioned at the loan product level? [image.png] Regards, Bharath Lead Implementation Analyst | Mifos Initiative Skype: live:cbharath4| Mobile: +91.7019635592 http://mifos.org<http://mifos.org/> [https://secure.plimus.com/developers/817570/Template/icon-tiny-facebook.png] <http://facebook.com/mifos> [http://organizationsandmarkets.files.wordpress.com/2010/04/icon-tiny-twitter.png] <http://www.twitter.com/mifos> On Thu, Sep 21, 2023 at 11:56 AM Tinashe Muchenje <tmuche...@gmail.com<mailto:tmuche...@gmail.com>> wrote: 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<mailto:kipropli...@gmail.com>> wrote: Which interest method did you choose while creating the loan product itself? is it a Flat or declining balance? [image.png] On Wed, Sep 20, 2023 at 12:28 PM NYAKUBAYA Blessing <bless...@servcred.com<mailto: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? [X] [X] Regards, Blessing Nyakubaya _______________________________________________ Mifos-users mailing list Mifos-users@lists.sourceforge.net<mailto:Mifos-users@lists.sourceforge.net> https://lists.sourceforge.net/lists/listinfo/mifos-users _______________________________________________ Mifos-users mailing list Mifos-users@lists.sourceforge.net<mailto:Mifos-users@lists.sourceforge.net> https://lists.sourceforge.net/lists/listinfo/mifos-users -- Tinashe Muchenje _______________________________________________ Mifos-users mailing list Mifos-users@lists.sourceforge.net<mailto:Mifos-users@lists.sourceforge.net> https://lists.sourceforge.net/lists/listinfo/mifos-users
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