Binny, I¹m forwarding your question to the user list, I think it¹s a perfect question for the community.
Answers inline ------ Forwarded Message From: Binny Gopinath <[email protected]> Date: Wed, 2 Mar 2011 03:13:45 -0500 Subject: How are the accounting entries being made in case of Disbursal reversals and re-do How does Mifos internally account for Disbursal reversals and re-do-s? Please confirm if my understanding is correct: a) Today (2nd March) I reversed a loan disbursal that was done on 25-Nov-2010. The accounting entries that were made on 25th Nov will not be impacted in any way. Instead new accounting entries will be made today, reversing the disbursal and reversing all payments received during the last 3 months or so (from 25th Nov 2010 till today). [RW] - Correct The thing to understand here is that the CREATE DATE for the records will be equal to the date the reversals and redo actions are taken. The original ACTION_DATES for the transactions (ie, transaction dates) will stay the same. Unclear what you mean about the accounting entries made on 25th Nov are not impacted? b) And today, when I re-do the loan, new accounting entries are made (for disbursals and collections) with today¹s date. [RW] - See above c) If yesterday I made a disbursal with incorrect amount and today I am doing the corresponding reversal and redo with correct amount, then the General Ledger report of yesterday will never match the cash at hand of yesterday. The net cash as of today and the General Ledger report from yesterday till today should match. Is that right? [RW] - Not quite sure, anyone?
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