Hello all,
Today I want to discuss a feature which is based on closing of financial
year.
What it means all transactions should be based on Financial year.As we all
knows that in accounting system every country having its closing of
financial year.
In India it is from 1st April to 31st March.
What will be the benefits?
As we all knows that HUGO is developing the accounting module for Mifos,
that will be add soon in Mifos X or earlier Might be it is usefull because
it is a basic accounting principle.
1.The transaction will have a restriction of financial year.
2.Reports like active loan summary will be based on financial year.
3.You can analyses the data based on years.
A pre step towards accounting in Mifos.
4.Once the financial year closed no back dated entries are allowed
to disturb the book of any MFI.
Presently I feel this is the lacking in MIfos.
The community will tell more on this.I any one have question in mind please
let me know.
Thanks and Regards
--
AMIT JAIN | E.D | Digamber Finance (Chota Loan Bade Sapne) | +919414041821 |
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