Hi Saransh. Please share a working sample of a loan product with periodic accruals working. Thanks in advance.
Vinayak On Fri, Apr 17, 2020 at 9:59 AM Vinayak Javaly <vina...@urgent.vc> wrote: > Yes, please. > > On Fri, Apr 17, 2020 at 9:51 AM Saransh Sharma <sara...@muellners.com> > wrote: > >> You want I can show you a working sample? >> >> On Fri, 17 Apr 2020, 19:02 Vinayak Javaly, <vina...@urgent.vc> wrote: >> >>> Thanks, I'll try that. >>> >>> On Fri, Apr 17, 2020 at 9:17 AM Saransh Sharma <sara...@muellners.com> >>> wrote: >>> >>>> To be able to see the missed payment and late fee applied make a loan >>>> with previous dates and you can run the scheduler for them and you can see >>>> those, the charges needs to be defined. >>>> >>>> On Fri, 17 Apr 2020, 18:47 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> >>>>>>>> >>>>>>>>
