Thanks Joseph for replying to Reza. Reza, to add to what Joseph says, you first define your GL accounts and then when configuring your loan or savings products, if you enable cash or accrual accounting, you can then specify with respective GL accounts get debited and credits for various portfolio-related financial transactions (interest expense, savings liability, etc.)
As Joseph noted, when configuring accounting, you can set up advanced accounting rules whereby for specific payment types you can map the transaction to a specific source of funds so you're not limited to one source of funds for that savings product but can have a different source of funds debited/credited based on payment type. You first must also configure the payment types that you support so they become available in the payment type dropdown. Cheers, Ed On Thu, Jun 25, 2020 at 4:39 PM Joseph Cabral <joseph.cabra...@gmail.com> wrote: > Hi, > > You can map a GL account to a payment type using the Advanced Accounting > Rules feature in Savings Product. > [image: image.png] > > Regards, > > Joseph > > On Tue, Jun 23, 2020 at 2:05 PM reza sohbati <sohb...@gmail.com> wrote: > >> Hi all. >> I have a question about Fineract functionality and I don't know is this a >> right place to ask my question !!! >> >> As my understandings, In saving products we can define payment types and >> assign an ASSET GL account to it. >> Also in Client Account when we do a DEPOSIT or WITHDRAW, we have the >> ability of choosing a payment type. >> >> In cash deposit transaction I supposed to see the payment-type GL >> account(which I set in production definition) transactions(Maybe instead >> of cash account), but I saw a normal cash deposit entry. >> >> My question is : In definition of Saving product we can define a >> payment-type and set a GL account to it. why we set this configuration to >> the product? >> >> Thank you. >> >> >> -- *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>
