Saransh, thanks to your help I've been able to set up Cash Accounting. One remaining problem is that all my date fields appear as null. I'm concerned this will affect the scheduler jobs that perform the accruals. Do you have any ideas on how I can fix the null dates?
Thanks, Vinayak On Wed, Apr 15, 2020 at 11:11 AM Vinayak Javaly <vina...@urgent.vc> wrote: > Thanks Saransh. This is very helpful. > > Vinayak > > On Wed, Apr 15, 2020 at 10:39 AM Saransh Sharma <sara...@muellners.com> > wrote: > >> Hey , Vinayak, I hope you are safe. >> >> To begin with accounting on finearct as of now in accounting . >> >> You need to start with GL entry on contra accounts where you can provide >> some funds doing a manual entry , once you do that you can configure >> existing COA with loan products such as in screenshots. >> >> This is a working example, for a live loan sample out in south east of >> India, then you can define your own financial Activity's also. >> >> Fineract Accounting is by far really easy to setup. If you have >> any questions do post here. >> >> thanks >> >> On Wed, Apr 15, 2020 at 7:47 PM Vinayak Javaly <vina...@urgent.vc> wrote: >> >>> Hello. I have a related question. In Loan Product, I'm not able to set >>> up Cash Accounting. How do I create the values that show up in the various >>> dropdown lists for Fund source, Loan portfolio, Income from interest, >>> Income from fees, etc? I have already created a Chart of Accounts with >>> Asset, Liability, Income and Expense accounts. >>> >>> Thanks in advance. >>> >>> Vinayak >>> >>> On Wed, Apr 15, 2020 at 6:44 AM Vinayak Javaly <vina...@urgent.vc> >>> wrote: >>> >>>> Hi Ed and Bharath. Thank you very much for your detailed explanations. >>>> >>>> Vinayak >>>> >>>> On Wed, Apr 15, 2020 at 2:36 AM Bharath Gowda <bgo...@mifos.org> wrote: >>>> >>>>> Hello Vinayak, >>>>> >>>>> Prerequisite is to create a loan product with Accrual Accounting >>>>> Enabled from the user end, whereafter Mifos Scheduler jobs will take care >>>>> of Accrual postings. >>>>> >>>>> Following two jobs are responsible for accrual transactions >>>>> >>>>> *1. Add Accrual Transactions* >>>>> - All the interest will be accrued till the 'Due date' of the job run >>>>> and can be viewed under 'Transactions' tab, it is scheduled to run every >>>>> day. >>>>> >>>>> *2.Add Periodic Accrual Transactions* >>>>> *-*Similar to 'Add Accrual Transactions' except that all the interest >>>>> will be accrued till the current date i.e the Job run date and time. >>>>> This job can be configured to run weekly/ monthly or yearly based on >>>>> the organization needs. >>>>> >>>>> >>>>> In case if you had a late payment fee attached to the loan, same jobs >>>>> will post the fees portion as well along with the interest. >>>>> >>>>> You can go through the following document to understand more on our >>>>> scheduler jobs and its functionality >>>>> >>>>> https://mifosforge.jira.com/wiki/spaces/docs/pages/67895356/Manage+Scheduler+Jobs >>>>> >>>>> >>>>> >>>>> Please Let me know if you need any more information. >>>>> >>>>> Regards, >>>>> Bharath >>>>> Lead Implementation Analyst | Mifos Initiative >>>>> Skype: live:cbharath4| Mobile: +91.7019636073 >>>>> http://mifos.org <http://facebook.com/mifos> >>>>> <http://www.twitter.com/mifos> >>>>> >>>>> >>>>> On Wed, Apr 15, 2020 at 3:32 AM Ed Cable <edca...@mifos.org> wrote: >>>>> >>>>>> Hello Vinayak, >>>>>> >>>>>> Welcome to the community. I've cc'd my colleague, @Bharath Gowda >>>>>> <bgo...@mifos.org> , who will be able to help you at a more >>>>>> technical level but have you checked the status of the scheduler jobs: >>>>>> the >>>>>> ones for the accrual should be running on a daily basis. >>>>>> >>>>>> You can view status of the respective jobs and manually execute them >>>>>> from the Scheduler Jobs section under Admin >> System. >>>>>> >>>>>> You can read more here: >>>>>> https://docs.mifos.org/user-manual/for-administrators-mifos-x-platform/administration/system/manage-scheduler-jobs >>>>>> >>>>>> Ed >>>>>> >>>>>> On Tue, Apr 14, 2020 at 2:00 PM Vinayak Javaly <vina...@urgent.vc> >>>>>> wrote: >>>>>> >>>>>>> Hello. I just joined this mailing list. Apologies in advance if >>>>>>> this question has already been answered, but I could not find it in the >>>>>>> archives. >>>>>>> >>>>>>> First, here's some background: I have setup Fineract and the Mifos >>>>>>> X client in my development environment. Using the Mifos UI, I have >>>>>>> created >>>>>>> Organizations, Loan Products, and other related entities. Using >>>>>>> PyFineract >>>>>>> / Fineract API, I have created Loans, etc. >>>>>>> >>>>>>> My question is: >>>>>>> >>>>>>> - What do I need to do or run to get the >>>>>>> daily/weekly/monthly/periodic accounting to occur? For example, >>>>>>> let's >>>>>>> assume I create a loan with weekly repayments, and after a week has >>>>>>> passed >>>>>>> there are no repayments, what part of the system calculates late >>>>>>> fees, >>>>>>> interest, etc? >>>>>>> >>>>>>> Thanks. >>>>>>> >>>>>>> VJ >>>>>>> >>>>>> >>>>>> >>>>>> -- >>>>>> *Ed Cable* >>>>>> President/CEO, Mifos Initiative >>>>>> edca...@mifos.org | Skype: edcable | Mobile: +1.484.477.8649 >>>>>> >>>>>> *Collectively Creating a World of 3 Billion Maries | * >>>>>> http://mifos.org <http://facebook.com/mifos> >>>>>> <http://www.twitter.com/mifos> >>>>>> >>>>>> >> >> -- >> >> Saransh Sharma >> *Research Partner* >> *Muellner Internet Pvt Ltd * >> >> >> ---------------------------------------------------------------------------------------------- >> >> The idea of separation of me and you is amazing. >> >> ---------------------------------------------------------------------------------------------- >> *Company Website <https://www.muellners.com/> **Company Linkedin >> <https://www.linkedin.com/company/muellners> *Company Facebook >> <https://www.facebook.com/muellners> >> >> This mail is governed by Muellner® Internet Private Limited's IT policy. >> The information contained in this e-mail and any accompanying documents >> may contain information that is confidential or otherwise protected from >> disclosure. 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