[Mifos-issues] [JIRA] (MIFOSX-1895) Loan Provisioning

[Vishwas Babu A J (JIRA)]

Title: Message Title

Vishwas Babu A J commented on MIFOSX-1895   Re: Loan Provisioning Comments from Zayyad (Intrasoft Technologies) MFIs in Kenya and even other parts of the world do provisioning for loan impairment every month or quarter depending on their internal policies where this entry is passed manually or automatically if their system supports: DR: Loan Impairment (Expense) CR: Loan Loss Provision (Asset) When a loan is written off, the system is supposed to pass this entry: DR: Loan Loss Provision (Asset) CR: Write Off Account (Asset) With the current setup in Mifos X, write offs are passed to expense account by the system which is a double expense to the MFI which does regular provisioning. It may be a practice to some MFI to pass write offs to expense but I think would be good to have flexibility to allow write off accounts in product setup to be an asset account. Add Comment   This message was sent by Atlassian JIRA (v6.5-OD-08-001#65007-sha1:1fc9846)

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