Hi Saransh. Sorry, I don't understand your comment. Shouldn't I see an accrual posting for April 16 too?
Thanks, Vinayak On Fri, Apr 17, 2020 at 9:16 AM Saransh Sharma <sara...@muellners.com> wrote: > In the screen shot you see accrual that is posted by system and is a part > of the entry. > > On Fri, 17 Apr 2020, 17:59 Vinayak Javaly, <vina...@urgent.vc> wrote: > >> Hi Bharath. I'm still learning how to use Fineract, so apologies in >> advance for my newbie questions. >> >> I've created a chart of accounts, loan products with cash accounting. >> The *Add Accrual Transactions* and *Add Periodic Accrual Transactions* >> scheduler >> jobs are enabled and are running (their View History shows Success for >> every day). In order to see the periodic accounting transactions posted, >> I've created a few loans with daily repayments. But I don't think I've set >> everything up correctly. I've attached the appropriate screenshots below. >> >> >> [image: Screen Shot 2020-04-17 at 8.22.40 AM.png] >> >> [image: Screen Shot 2020-04-17 at 8.23.53 AM.png] >> Where should I be able to see a missed payment? and the late fee applied? >> >> Please advise. >> >> Thanks, >> 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> >>>> >>>>
