Hi Mulyono,
I have updated the issue:
https://mifosforge.jira.com/browse/MIFOSX-936
to include your requirement too. Please review and add your comments to this
issue or if there are other accounting scenarios that need to be considered for
savings/loans.
One workaround that you could use:
Define a liability account called “Equity Suspense/Contra
account” and map this to the Savings product.
Define an equity account called “Members/Shareholders Equity”
Periodically (daily, weekly etc.) the net of transactions can
be “moved” to this account by:
debiting (or crediting, if withdrawals are higher than new deposits) “Equity
Suspense/Contra account” and
crediting (or debiting, if withdrawals are higher than new deposits)
“Members/Shareholders Equity”
Not a very elegant and automated workaround, but will ensure that your accounts
are accurately represented.
Thanks
Binny
From: Santosh Math [mailto:sant...@confluxtechnologies.com]
Sent: 23 July 2014 13:24
To: A good place to start for users or folks new to Mifos.; emu...@gmail.com
Subject: Re: [Mifos-users] map saving account to equity in balance sheet
@Mulyano,
I don't think it is possible to map savings account to equity in balance sheet,
as of now..
Santosh
On Wed, Jul 23, 2014 at 1:01 PM, Mulyono <emu...@gmail.com> wrote:
dear mifos team,
is it possible to map saving account to equity in balance sheet?
here in Indonesia, our MFI member have to pay some cash (once at registration,
plus some monthly amount)
this payment considered as equity in MFI's balance sheet
there are no interest for this, but the member will get deviden based on MFI's
yearly profit
thanks,
Mulyono
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