Hi Nyakubaya, Tinashe, That's an Interesting Issue that we are discussing here, Could you let us know which version of fineract you are getting this error. Also, what is the decimal place mentioned at the loan product level?
[image: image.png] Regards, Bharath Lead Implementation Analyst | Mifos Initiative Skype: live:cbharath4| Mobile: +91.7019635592 http://mifos.org <http://facebook.com/mifos> <http://www.twitter.com/mifos> On Thu, Sep 21, 2023 at 11:56 AM Tinashe Muchenje <tmuche...@gmail.com> wrote: > Good day > > On my end, the declining balance is configured and it's behaving as > outlined by Nyakubaya. I tried changing the rounding off options in global > configurations but still the system rounds down all the installments and > sets off with the last installments which I think should not be the case. > > On Thu, Sep 21, 2023 at 6:45 AM PETER KIPROP <kipropli...@gmail.com> > wrote: > >> Which interest method did you choose while creating the loan product >> itself? is it a Flat or declining balance? >> [image: image.png] >> >> On Wed, Sep 20, 2023 at 12:28 PM NYAKUBAYA Blessing < >> bless...@servcred.com> wrote: >> >>> Good day, >>> >>> >>> >>> We have just started populating our Mifos and noticing that the >>> amortisation schedule is rounding down: >>> >>> 1. The first Principal Due, and >>> 2. All the monthly installments, (except the final installment). >>> >>> Then rounds up all the cumulative decimals affected by the explanation >>> above into the final installment as shown in the highlighted cell. >>> >>> >>> >>> I have supplied, further below, the Excel Based amortisation schedule >>> for the same loan and everything works well up to the end of the loan. >>> >>> >>> >>> If someone else has come across this issue before, may you kindly share >>> the solution? >>> >>> >>> >>> >>> >>> >>> >>> Regards, >>> >>> >>> >>> *Blessing **Nyakubaya* >>> _______________________________________________ >>> Mifos-users mailing list >>> Mifos-users@lists.sourceforge.net >>> https://lists.sourceforge.net/lists/listinfo/mifos-users >>> >> _______________________________________________ >> Mifos-users mailing list >> Mifos-users@lists.sourceforge.net >> https://lists.sourceforge.net/lists/listinfo/mifos-users >> > > > -- > Tinashe Muchenje > _______________________________________________ > Mifos-users mailing list > Mifos-users@lists.sourceforge.net > https://lists.sourceforge.net/lists/listinfo/mifos-users >
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