Hi Shekko, Here is your answer. "System submits the amount received. The amount is first applied against the penalty due. After penalty payment, if there is an excess, the amount is applied to the fee due, followed by interest due and then the principal."
You can find more information on this link - http://www.mifos.org/knowledge/functional-specifications/transaction-process ing/loan-payments#introduction Cheers, Jessica -----Original Message----- From: Shekko [mailto:[email protected]] Sent: May 20, 2010 12:47 PM To: [email protected] Subject: [Mifos-users] payment priority hi i need a help with this what is the order of priority to pay? I mean when a pay is posted. the order for pay is fees, interest and at last principal, or how?. where I can find that information? and it is possible to change that, at configuration level, no coding? btw what is the term for that?, i just know the description =/, sorry thank you ---------------------------------------------------------------------------- -- _______________________________________________ Mifos-users mailing list [email protected] https://lists.sourceforge.net/lists/listinfo/mifos-users ------------------------------------------------------------------------------ _______________________________________________ Mifos-users mailing list [email protected] https://lists.sourceforge.net/lists/listinfo/mifos-users
