Dear Bharath,
Just to add on, the savings account balance should consider the charges
deducted but in my opinion this is not the case as i mention here
https://issues.apache.org/jira/browse/FINERACT-1320
My Kind Regards
Francis Guchie Kirago
*Skype:* francisguchie
*Telegram: *232 79 19 44 07
*
Hi Oyinlola,
1. Account balance in savings constitutes both principal and interest
transactions.
Account Balance = Deposit + Interest Postings - Withdrawals- Charges(if any)
2. Mifos does support most of the standard Interest calculation methods, it
can be configured at savings products level u
Sorry to deviate. But never in my wildest dream would I have imagined that FSDH
was/is/could be using Fineract
> On 30 Apr 2021, at 15:17, Jose Alberto Hernandez Maldonado
> wrote:
>
>
> Hello!
>
> The account balance in savings is constituted by all transactions except
> holdings.
>
> T
Hello!
The account balance in savings is constituted by all transactions except holdings.
The way to calculate the interest in savings is simple, but after the end of the period you can add the interest (posting interest) to the account and rerun a
Hi All,
Can someone please explain what “accountBalance” in savings accounts
constitutes; Does it account for the client’s principal balance and interest
payment or just the client’s principal balance? This can be seen in the
api-docs under the List savings applications/accounts section here ->
