Sergio,
I¹m guessing this question was unrelated to my previous mail? If you are
posting a new thread, please create a new mail in the future instead of
responding to a current thread. It makes tracking difficult.
That said, you can make payments before today if
* You have turned on the ability to make back dated transactions
* The center meeting is not today The CSE only allows entry on the last
center meeting that has happened. For example, if the meetings are on
Monday and I¹m doing entry on a Friday, it would be set for the previous
Monday. If for example I was doing the entry on a Monday, I could only do
the bulk entry for that Monday and not the previous one.
All back dated transactions are limited this way, not just in the bulk
entry.
Ryan
On 7/8/10 23:45, "Sergio S" <krilin.checo.ser...@gmail.com> wrote:
> What does it mean? We cannot use bulk payment (bulk plugin) with records with
> a paymentdate before today?
>
>
>
> -- Enviado desde mi Palm Pre
>
>
> El 08/07/2010 12:02, Ryan Whitney <rwhit...@grameenfoundation.org> escribió:
>
> It may sounds complex, but it is rather easy. The document may need more
> work though.
>
> I've actually only tested this out for flat interest loans, not declining
> balance. That might be more complicated to determine the adjusted interest
> rate.
>
> And no, it wouldn't work with the same interest rate as Mifos calculates
> interest based on APR, so the change in principal and number of repayments
> would change the amount of interest. This method is pretty solid at
> recreating the remainder of the payments in the loan (I have seen sometimes
> where it might be off by one or two in a payment based on how the MFI did
> their repayment calculations and rounding, but overall, the interest +
> principal collected will be the same).
>
> Ryan
>
>
> On 7/8/10 20:58, "Gayl Kennedy" <gaylkenn...@gmail.com> wrote:
>
>> > Thanks Ryan. I had a look at the document at that link and it seems
>> > very complex for loans. Does that apply to both flat interest and
>> > declining balance interest rate accounts as if we are applying a flat
>> > rate wouldn't the rate be the same regardless of how many installments
>> > had been paid already? Am I oversimplifying it?
>> > Regards
>> > Gayl
>> >
>> > On 07/07/2010, Ryan Whitney <rwhit...@grameenfoundation.org> wrote:
>>> >> Gayl,
>>> >>
>>> >> Mifos is not currently setup to allow the entry of historical data, other
>>> >> than allowing backdated transactions (which are limited to back dating
>>> only
>>> >> to the last meeting date for the client). The specific error you are
>>> seeing
>>> >> in regard to the start date is related to limiting when a loan or savings
>>> >> product can be offered and even if we allowed back dating of that
>>> offering,
>>> >> it still wouldn't allow you to do historical data.
>>> >>
>>> >> In case of manual based records, we recommend that MFI's perform a manual
>>> >> migration of opening balances. I am working on the tools and
>>> documentation
>>> >> for this type of migration and they are incomplete, but you can download
>>> >> them here to get an idea of the steps involved:
>>> >> http://dl.dropbox.com/u/106137/Opening%20Balances%20Data%20Migration.zip
>>> >>
>>> >> Lastly - Even if Mifos would allow entry of historical data I'm not sure
I
>>> >> would recommend it. After some time, manual systems don't tend to have
>>> the
>>> >> level of detail needed for entry into an automated MIS or the MFI has
>>> lost
>>> >> records over time. Someday after we build the data warehouse, we may be
>>> >> able to build a service for importing summarized historical data, but
>>> that
>>> >> may be a ways off.
>>> >>
>>> >> Hope this helps,
>>> >> Ryan
>>> >>
>>> >>
>>> >>
>>> >>
>>> >> On 7/6/10 18:23, "Gayl Kennedy" <gaylkenn...@gmail.com> wrote:
>>> >>
>>>> >>> When looking at the demo site I noticed that i cannot create a savings
>>>> >>> or loan product with a date in the past. Error message reads:
>>>> >>> "The Start date can be anything between current date and 1 year from
>>>> >>> the current date."
>>>> >>> I also noted this statement in the functional spec: Due to Issue 2256,
>>>> >>> Back-dated transactions should not be used with Savings Accounts
>>>> >>>
>>>> >>> How do organisations enter historical data in their mifos deployments
>>>> >>> and overcome this issue or is everything dated the deployment date and
>>>> >>> a note added with the actual date as a text field? If it is done by
>>>> >>> notes then does that mean all existing loans are set up as being on
>>>> >>> cycle 1?
>>>> >>> We would very much appreciate any advice on handling historical data
>>>> >>> which is all paper based currently.
>>> >>
>>> >> --
>>> >> Ryan Whitney
>>> >> Mifos Technical Program Manager
>>> >> rwhit...@grameenfoundation.org
>>> >> Mifos - Technology that Empowers Microfinance (www.mifos.org)
>>> >> Our mission is to enable the poor, especially the poorest, to create a
>>> world
>>> >> without poverty.
>>> >> <http://grameenfoundation.org/take-action/ingenuity-fund-challenge/>
>>> >> P please consider the environment before printing this e-mail.
>>> >>
>>> >>
>>> >>
> ----------------------------------------------------------------------------->
> >
> -
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>> >
--
Ryan Whitney
Mifos Technical Program Manager
rwhit...@grameenfoundation.org
Mifos - Technology that Empowers Microfinance (www.mifos.org)
Our mission is to enable the poor, especially the poorest, to create a world
without poverty.
<http://grameenfoundation.org/take-action/ingenuity-fund-challenge/>
P please consider the environment before printing this e-mail.
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