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Posted to dev@fineract.apache.org by Vinayak Javaly <vi...@urgent.vc> on 2020/04/14 20:59:37 UTC
Question on Fineract Accounting Engine
Hello. I just joined this mailing list. Apologies in advance if this
question has already been answered, but I could not find it in the archives.
First, here's some background: I have setup Fineract and the Mifos X
client in my development environment. Using the Mifos UI, I have created
Organizations, Loan Products, and other related entities. Using PyFineract
/ Fineract API, I have created Loans, etc.
My question is:
- What do I need to do or run to get the daily/weekly/monthly/periodic
accounting to occur? For example, let's assume I create a loan with weekly
repayments, and after a week has passed there are no repayments, what part
of the system calculates late fees, interest, etc?
Thanks.
VJ
Re: Question on Fineract Accounting Engine
Posted by Vinayak Javaly <vi...@urgent.vc>.
Hello. I connected to my Fineract engine using Chrome and all the
date fields appear correct (e.g. no null dates). Therefore, there is no
longer a rush on this fix. Though I appreciate the speed in which you all
addressed this issue.
Vinayak
On Thu, Apr 16, 2020 at 10:53 AM Saransh Sharma <sa...@muellners.com>
wrote:
> I tested it on chrome and safari.
>
> On Thu, 16 Apr 2020, 20:21 Awasum Yannick, <aw...@apache.org> wrote:
>
>> Hi All,
>>
>> PR: https://github.com/openMF/community-app/pull/3196 merged to develop
>> branch of Community App. Test and lets see.
>>
>> Thanks for contributing Saransh. Thanks Vinayak for reporting the issue.
>>
>> On Thu, Apr 16, 2020 at 12:22 PM Vinayak Javaly <vi...@urgent.vc>
>> wrote:
>>
>>> Thanks Saransh. I've subscribed to the fix and will wait.
>>>
>>> Have a good day.
>>>
>>> Vinayak
>>>
>>> On Thu, Apr 16, 2020 at 4:01 AM Saransh Sharma <sa...@muellners.com>
>>> wrote:
>>>
>>>> Hey,
>>>>
>>>> Vinayak
>>>>
>>>> Here is the fix of your problem: wait for the merge and you can view
>>>> the dates.
>>>>
>>>> https://github.com/openMF/community-app/pull/3196
>>>>
>>>> On Thu, Apr 16, 2020 at 4:21 AM Vinayak Javaly <vi...@urgent.vc>
>>>> wrote:
>>>>
>>>>> Saransh, thanks to your help I've been able to set up Cash
>>>>> Accounting. One remaining problem is that all my date fields appear as
>>>>> null. I'm concerned this will affect the scheduler jobs that perform the
>>>>> accruals.
>>>>> Do you have any ideas on how I can fix the null dates?
>>>>>
>>>>> Thanks,
>>>>> Vinayak
>>>>>
>>>>>
>>>>> On Wed, Apr 15, 2020 at 11:11 AM Vinayak Javaly <vi...@urgent.vc>
>>>>> wrote:
>>>>>
>>>>>> Thanks Saransh. This is very helpful.
>>>>>>
>>>>>> Vinayak
>>>>>>
>>>>>> On Wed, Apr 15, 2020 at 10:39 AM Saransh Sharma <
>>>>>> saransh@muellners.com> wrote:
>>>>>>
>>>>>>> Hey , Vinayak, I hope you are safe.
>>>>>>>
>>>>>>> To begin with accounting on finearct as of now in accounting .
>>>>>>>
>>>>>>> You need to start with GL entry on contra accounts where you can
>>>>>>> provide some funds doing a manual entry , once you do that you can
>>>>>>> configure existing COA with loan products such as in screenshots.
>>>>>>>
>>>>>>> This is a working example, for a live loan sample out in south east
>>>>>>> of India, then you can define your own financial Activity's also.
>>>>>>>
>>>>>>> Fineract Accounting is by far really easy to setup. If you have
>>>>>>> any questions do post here.
>>>>>>>
>>>>>>> thanks
>>>>>>>
>>>>>>> On Wed, Apr 15, 2020 at 7:47 PM Vinayak Javaly <vi...@urgent.vc>
>>>>>>> wrote:
>>>>>>>
>>>>>>>> Hello. I have a related question. In Loan Product, I'm not able
>>>>>>>> to set up Cash Accounting. How do I create the values that show up in the
>>>>>>>> various dropdown lists for Fund source, Loan portfolio, Income from
>>>>>>>> interest, Income from fees, etc? I have already created a Chart of
>>>>>>>> Accounts with Asset, Liability, Income and Expense accounts.
>>>>>>>>
>>>>>>>> Thanks in advance.
>>>>>>>>
>>>>>>>> Vinayak
>>>>>>>>
>>>>>>>> On Wed, Apr 15, 2020 at 6:44 AM Vinayak Javaly <vi...@urgent.vc>
>>>>>>>> wrote:
>>>>>>>>
>>>>>>>>> Hi Ed and Bharath. Thank you very much for your
>>>>>>>>> detailed explanations.
>>>>>>>>>
>>>>>>>>> Vinayak
>>>>>>>>>
>>>>>>>>> On Wed, Apr 15, 2020 at 2:36 AM Bharath Gowda <bg...@mifos.org>
>>>>>>>>> wrote:
>>>>>>>>>
>>>>>>>>>> Hello Vinayak,
>>>>>>>>>>
>>>>>>>>>> Prerequisite is to create a loan product with Accrual Accounting
>>>>>>>>>> Enabled from the user end, whereafter Mifos Scheduler jobs will take care
>>>>>>>>>> of Accrual postings.
>>>>>>>>>>
>>>>>>>>>> Following two jobs are responsible for accrual transactions
>>>>>>>>>>
>>>>>>>>>> *1. Add Accrual Transactions*
>>>>>>>>>> - All the interest will be accrued till the 'Due date' of the
>>>>>>>>>> job run and can be viewed under 'Transactions' tab, it is scheduled to run
>>>>>>>>>> every day.
>>>>>>>>>>
>>>>>>>>>> *2.Add Periodic Accrual Transactions*
>>>>>>>>>> *-*Similar to 'Add Accrual Transactions' except that all the
>>>>>>>>>> interest will be accrued till the current date i.e the Job run date and
>>>>>>>>>> time.
>>>>>>>>>> This job can be configured to run weekly/ monthly or yearly based
>>>>>>>>>> on the organization needs.
>>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>> In case if you had a late payment fee attached to the loan, same
>>>>>>>>>> jobs will post the fees portion as well along with the interest.
>>>>>>>>>>
>>>>>>>>>> You can go through the following document to understand more on
>>>>>>>>>> our scheduler jobs and its functionality
>>>>>>>>>>
>>>>>>>>>> https://mifosforge.jira.com/wiki/spaces/docs/pages/67895356/Manage+Scheduler+Jobs
>>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>> Please Let me know if you need any more information.
>>>>>>>>>>
>>>>>>>>>> Regards,
>>>>>>>>>> Bharath
>>>>>>>>>> Lead Implementation Analyst | Mifos Initiative
>>>>>>>>>> Skype: live:cbharath4| Mobile: +91.7019636073
>>>>>>>>>> http://mifos.org <http://facebook.com/mifos>
>>>>>>>>>> <http://www.twitter.com/mifos>
>>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>> On Wed, Apr 15, 2020 at 3:32 AM Ed Cable <ed...@mifos.org>
>>>>>>>>>> wrote:
>>>>>>>>>>
>>>>>>>>>>> Hello Vinayak,
>>>>>>>>>>>
>>>>>>>>>>> Welcome to the community. I've cc'd my colleague, @Bharath Gowda
>>>>>>>>>>> <bg...@mifos.org> , who will be able to help you at a more
>>>>>>>>>>> technical level but have you checked the status of the scheduler jobs: the
>>>>>>>>>>> ones for the accrual should be running on a daily basis.
>>>>>>>>>>>
>>>>>>>>>>> You can view status of the respective jobs and manually execute
>>>>>>>>>>> them from the Scheduler Jobs section under Admin >> System.
>>>>>>>>>>>
>>>>>>>>>>> You can read more here:
>>>>>>>>>>> https://docs.mifos.org/user-manual/for-administrators-mifos-x-platform/administration/system/manage-scheduler-jobs
>>>>>>>>>>>
>>>>>>>>>>> Ed
>>>>>>>>>>>
>>>>>>>>>>> On Tue, Apr 14, 2020 at 2:00 PM Vinayak Javaly <
>>>>>>>>>>> vinayak@urgent.vc> wrote:
>>>>>>>>>>>
>>>>>>>>>>>> Hello. I just joined this mailing list. Apologies in advance
>>>>>>>>>>>> if this question has already been answered, but I could not find it in the
>>>>>>>>>>>> archives.
>>>>>>>>>>>>
>>>>>>>>>>>> First, here's some background: I have setup Fineract and the
>>>>>>>>>>>> Mifos X client in my development environment. Using the Mifos UI, I have
>>>>>>>>>>>> created Organizations, Loan Products, and other related entities. Using
>>>>>>>>>>>> PyFineract / Fineract API, I have created Loans, etc.
>>>>>>>>>>>>
>>>>>>>>>>>> My question is:
>>>>>>>>>>>>
>>>>>>>>>>>> - What do I need to do or run to get the
>>>>>>>>>>>> daily/weekly/monthly/periodic accounting to occur? For example, let's
>>>>>>>>>>>> assume I create a loan with weekly repayments, and after a week has passed
>>>>>>>>>>>> there are no repayments, what part of the system calculates late fees,
>>>>>>>>>>>> interest, etc?
>>>>>>>>>>>>
>>>>>>>>>>>> Thanks.
>>>>>>>>>>>>
>>>>>>>>>>>> VJ
>>>>>>>>>>>>
>>>>>>>>>>>
>>>>>>>>>>>
>>>>>>>>>>> --
>>>>>>>>>>> *Ed Cable*
>>>>>>>>>>> President/CEO, Mifos Initiative
>>>>>>>>>>> edcable@mifos.org | Skype: edcable | Mobile: +1.484.477.8649
>>>>>>>>>>>
>>>>>>>>>>> *Collectively Creating a World of 3 Billion Maries | *
>>>>>>>>>>> http://mifos.org <http://facebook.com/mifos>
>>>>>>>>>>> <http://www.twitter.com/mifos>
>>>>>>>>>>>
>>>>>>>>>>>
>>>>>>>
>>>>>>> --
>>>>>>>
>>>>>>> Saransh Sharma
>>>>>>> *Research Partner*
>>>>>>> *Muellner Internet Pvt Ltd *
>>>>>>>
>>>>>>>
>>>>>>> ----------------------------------------------------------------------------------------------
>>>>>>>
>>>>>>> The idea of separation of me and you is amazing.
>>>>>>>
>>>>>>> ----------------------------------------------------------------------------------------------
>>>>>>> *Company Website <https://www.muellners.com/> **Company Linkedin
>>>>>>> <https://www.linkedin.com/company/muellners> *
>>>>>>> Company Facebook <https://www.facebook.com/muellners>
>>>>>>>
>>>>>>> This mail is governed by Muellner® Internet Private Limited's IT
>>>>>>> policy.
>>>>>>> The information contained in this e-mail and any accompanying
>>>>>>> documents may contain information that is confidential or otherwise
>>>>>>> protected from disclosure. If you are not the intended recipient of this
>>>>>>> message, or if this message has been addressed to you in error, please
>>>>>>> immediately alert the sender by reply e-mail and then delete this message,
>>>>>>> including any attachments. Any dissemination, distribution or other use of
>>>>>>> the contents of this message by anyone other than the intended recipient is
>>>>>>> strictly prohibited. All messages sent to and from this e-mail address may
>>>>>>> be monitored as permitted by applicable law and regulations to ensure
>>>>>>> compliance with our internal policies and to protect our business. E-mails
>>>>>>> are not secure and cannot be guaranteed to be error free as they can be
>>>>>>> intercepted, amended, lost or destroyed, or contain viruses. You are deemed
>>>>>>> to have accepted these risks if you communicate with us by e-mail.
>>>>>>>
>>>>>>
>>>>
>>>> --
>>>>
>>>> Saransh Sharma
>>>> *Research Partner*
>>>> *Muellner Internet Pvt Ltd *
>>>>
>>>>
>>>> ----------------------------------------------------------------------------------------------
>>>>
>>>> The idea of separation of me and you is amazing.
>>>>
>>>> ----------------------------------------------------------------------------------------------
>>>> *Company Website <https://www.muellners.com/> **Company Linkedin
>>>> <https://www.linkedin.com/company/muellners> *
>>>> Company Facebook <https://www.facebook.com/muellners>
>>>>
>>>> This mail is governed by Muellner® Internet Private Limited's IT
>>>> policy.
>>>> The information contained in this e-mail and any accompanying documents
>>>> may contain information that is confidential or otherwise protected from
>>>> disclosure. If you are not the intended recipient of this message, or if
>>>> this message has been addressed to you in error, please immediately alert
>>>> the sender by reply e-mail and then delete this message, including any
>>>> attachments. Any dissemination, distribution or other use of the contents
>>>> of this message by anyone other than the intended recipient is strictly
>>>> prohibited. All messages sent to and from this e-mail address may be
>>>> monitored as permitted by applicable law and regulations to ensure
>>>> compliance with our internal policies and to protect our business. E-mails
>>>> are not secure and cannot be guaranteed to be error free as they can be
>>>> intercepted, amended, lost or destroyed, or contain viruses. You are deemed
>>>> to have accepted these risks if you communicate with us by e-mail.
>>>>
>>>
Re: Question on Fineract Accounting Engine
Posted by Saransh Sharma <sa...@muellners.com>.
I tested it on chrome and safari.
On Thu, 16 Apr 2020, 20:21 Awasum Yannick, <aw...@apache.org> wrote:
> Hi All,
>
> PR: https://github.com/openMF/community-app/pull/3196 merged to develop
> branch of Community App. Test and lets see.
>
> Thanks for contributing Saransh. Thanks Vinayak for reporting the issue.
>
> On Thu, Apr 16, 2020 at 12:22 PM Vinayak Javaly <vi...@urgent.vc> wrote:
>
>> Thanks Saransh. I've subscribed to the fix and will wait.
>>
>> Have a good day.
>>
>> Vinayak
>>
>> On Thu, Apr 16, 2020 at 4:01 AM Saransh Sharma <sa...@muellners.com>
>> wrote:
>>
>>> Hey,
>>>
>>> Vinayak
>>>
>>> Here is the fix of your problem: wait for the merge and you can view the
>>> dates.
>>>
>>> https://github.com/openMF/community-app/pull/3196
>>>
>>> On Thu, Apr 16, 2020 at 4:21 AM Vinayak Javaly <vi...@urgent.vc>
>>> wrote:
>>>
>>>> Saransh, thanks to your help I've been able to set up Cash Accounting.
>>>> One remaining problem is that all my date fields appear as null. I'm
>>>> concerned this will affect the scheduler jobs that perform the accruals.
>>>> Do you have any ideas on how I can fix the null dates?
>>>>
>>>> Thanks,
>>>> Vinayak
>>>>
>>>>
>>>> On Wed, Apr 15, 2020 at 11:11 AM Vinayak Javaly <vi...@urgent.vc>
>>>> wrote:
>>>>
>>>>> Thanks Saransh. This is very helpful.
>>>>>
>>>>> Vinayak
>>>>>
>>>>> On Wed, Apr 15, 2020 at 10:39 AM Saransh Sharma <sa...@muellners.com>
>>>>> wrote:
>>>>>
>>>>>> Hey , Vinayak, I hope you are safe.
>>>>>>
>>>>>> To begin with accounting on finearct as of now in accounting .
>>>>>>
>>>>>> You need to start with GL entry on contra accounts where you can
>>>>>> provide some funds doing a manual entry , once you do that you can
>>>>>> configure existing COA with loan products such as in screenshots.
>>>>>>
>>>>>> This is a working example, for a live loan sample out in south east
>>>>>> of India, then you can define your own financial Activity's also.
>>>>>>
>>>>>> Fineract Accounting is by far really easy to setup. If you have
>>>>>> any questions do post here.
>>>>>>
>>>>>> thanks
>>>>>>
>>>>>> On Wed, Apr 15, 2020 at 7:47 PM Vinayak Javaly <vi...@urgent.vc>
>>>>>> wrote:
>>>>>>
>>>>>>> Hello. I have a related question. In Loan Product, I'm not able to
>>>>>>> set up Cash Accounting. How do I create the values that show up in the
>>>>>>> various dropdown lists for Fund source, Loan portfolio, Income from
>>>>>>> interest, Income from fees, etc? I have already created a Chart of
>>>>>>> Accounts with Asset, Liability, Income and Expense accounts.
>>>>>>>
>>>>>>> Thanks in advance.
>>>>>>>
>>>>>>> Vinayak
>>>>>>>
>>>>>>> On Wed, Apr 15, 2020 at 6:44 AM Vinayak Javaly <vi...@urgent.vc>
>>>>>>> wrote:
>>>>>>>
>>>>>>>> Hi Ed and Bharath. Thank you very much for your
>>>>>>>> detailed explanations.
>>>>>>>>
>>>>>>>> Vinayak
>>>>>>>>
>>>>>>>> On Wed, Apr 15, 2020 at 2:36 AM Bharath Gowda <bg...@mifos.org>
>>>>>>>> wrote:
>>>>>>>>
>>>>>>>>> Hello Vinayak,
>>>>>>>>>
>>>>>>>>> Prerequisite is to create a loan product with Accrual Accounting
>>>>>>>>> Enabled from the user end, whereafter Mifos Scheduler jobs will take care
>>>>>>>>> of Accrual postings.
>>>>>>>>>
>>>>>>>>> Following two jobs are responsible for accrual transactions
>>>>>>>>>
>>>>>>>>> *1. Add Accrual Transactions*
>>>>>>>>> - All the interest will be accrued till the 'Due date' of the job
>>>>>>>>> run and can be viewed under 'Transactions' tab, it is scheduled to run
>>>>>>>>> every day.
>>>>>>>>>
>>>>>>>>> *2.Add Periodic Accrual Transactions*
>>>>>>>>> *-*Similar to 'Add Accrual Transactions' except that all the
>>>>>>>>> interest will be accrued till the current date i.e the Job run date and
>>>>>>>>> time.
>>>>>>>>> This job can be configured to run weekly/ monthly or yearly based
>>>>>>>>> on the organization needs.
>>>>>>>>>
>>>>>>>>>
>>>>>>>>> In case if you had a late payment fee attached to the loan, same
>>>>>>>>> jobs will post the fees portion as well along with the interest.
>>>>>>>>>
>>>>>>>>> You can go through the following document to understand more on
>>>>>>>>> our scheduler jobs and its functionality
>>>>>>>>>
>>>>>>>>> https://mifosforge.jira.com/wiki/spaces/docs/pages/67895356/Manage+Scheduler+Jobs
>>>>>>>>>
>>>>>>>>>
>>>>>>>>>
>>>>>>>>> Please Let me know if you need any more information.
>>>>>>>>>
>>>>>>>>> Regards,
>>>>>>>>> Bharath
>>>>>>>>> Lead Implementation Analyst | Mifos Initiative
>>>>>>>>> Skype: live:cbharath4| Mobile: +91.7019636073
>>>>>>>>> http://mifos.org <http://facebook.com/mifos>
>>>>>>>>> <http://www.twitter.com/mifos>
>>>>>>>>>
>>>>>>>>>
>>>>>>>>> On Wed, Apr 15, 2020 at 3:32 AM Ed Cable <ed...@mifos.org>
>>>>>>>>> wrote:
>>>>>>>>>
>>>>>>>>>> Hello Vinayak,
>>>>>>>>>>
>>>>>>>>>> Welcome to the community. I've cc'd my colleague, @Bharath Gowda
>>>>>>>>>> <bg...@mifos.org> , who will be able to help you at a more
>>>>>>>>>> technical level but have you checked the status of the scheduler jobs: the
>>>>>>>>>> ones for the accrual should be running on a daily basis.
>>>>>>>>>>
>>>>>>>>>> You can view status of the respective jobs and manually execute
>>>>>>>>>> them from the Scheduler Jobs section under Admin >> System.
>>>>>>>>>>
>>>>>>>>>> You can read more here:
>>>>>>>>>> https://docs.mifos.org/user-manual/for-administrators-mifos-x-platform/administration/system/manage-scheduler-jobs
>>>>>>>>>>
>>>>>>>>>> Ed
>>>>>>>>>>
>>>>>>>>>> On Tue, Apr 14, 2020 at 2:00 PM Vinayak Javaly <vi...@urgent.vc>
>>>>>>>>>> wrote:
>>>>>>>>>>
>>>>>>>>>>> Hello. I just joined this mailing list. Apologies in advance
>>>>>>>>>>> if this question has already been answered, but I could not find it in the
>>>>>>>>>>> archives.
>>>>>>>>>>>
>>>>>>>>>>> First, here's some background: I have setup Fineract and the
>>>>>>>>>>> Mifos X client in my development environment. Using the Mifos UI, I have
>>>>>>>>>>> created Organizations, Loan Products, and other related entities. Using
>>>>>>>>>>> PyFineract / Fineract API, I have created Loans, etc.
>>>>>>>>>>>
>>>>>>>>>>> My question is:
>>>>>>>>>>>
>>>>>>>>>>> - What do I need to do or run to get the
>>>>>>>>>>> daily/weekly/monthly/periodic accounting to occur? For example, let's
>>>>>>>>>>> assume I create a loan with weekly repayments, and after a week has passed
>>>>>>>>>>> there are no repayments, what part of the system calculates late fees,
>>>>>>>>>>> interest, etc?
>>>>>>>>>>>
>>>>>>>>>>> Thanks.
>>>>>>>>>>>
>>>>>>>>>>> VJ
>>>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>>
>>>>>>>>>> --
>>>>>>>>>> *Ed Cable*
>>>>>>>>>> President/CEO, Mifos Initiative
>>>>>>>>>> edcable@mifos.org | Skype: edcable | Mobile: +1.484.477.8649
>>>>>>>>>>
>>>>>>>>>> *Collectively Creating a World of 3 Billion Maries | *
>>>>>>>>>> http://mifos.org <http://facebook.com/mifos>
>>>>>>>>>> <http://www.twitter.com/mifos>
>>>>>>>>>>
>>>>>>>>>>
>>>>>>
>>>>>> --
>>>>>>
>>>>>> Saransh Sharma
>>>>>> *Research Partner*
>>>>>> *Muellner Internet Pvt Ltd *
>>>>>>
>>>>>>
>>>>>> ----------------------------------------------------------------------------------------------
>>>>>>
>>>>>> The idea of separation of me and you is amazing.
>>>>>>
>>>>>> ----------------------------------------------------------------------------------------------
>>>>>> *Company Website <https://www.muellners.com/> **Company Linkedin
>>>>>> <https://www.linkedin.com/company/muellners> *
>>>>>> Company Facebook <https://www.facebook.com/muellners>
>>>>>>
>>>>>> This mail is governed by Muellner® Internet Private Limited's IT
>>>>>> policy.
>>>>>> The information contained in this e-mail and any accompanying
>>>>>> documents may contain information that is confidential or otherwise
>>>>>> protected from disclosure. If you are not the intended recipient of this
>>>>>> message, or if this message has been addressed to you in error, please
>>>>>> immediately alert the sender by reply e-mail and then delete this message,
>>>>>> including any attachments. Any dissemination, distribution or other use of
>>>>>> the contents of this message by anyone other than the intended recipient is
>>>>>> strictly prohibited. All messages sent to and from this e-mail address may
>>>>>> be monitored as permitted by applicable law and regulations to ensure
>>>>>> compliance with our internal policies and to protect our business. E-mails
>>>>>> are not secure and cannot be guaranteed to be error free as they can be
>>>>>> intercepted, amended, lost or destroyed, or contain viruses. You are deemed
>>>>>> to have accepted these risks if you communicate with us by e-mail.
>>>>>>
>>>>>
>>>
>>> --
>>>
>>> Saransh Sharma
>>> *Research Partner*
>>> *Muellner Internet Pvt Ltd *
>>>
>>>
>>> ----------------------------------------------------------------------------------------------
>>>
>>> The idea of separation of me and you is amazing.
>>>
>>> ----------------------------------------------------------------------------------------------
>>> *Company Website <https://www.muellners.com/> **Company Linkedin
>>> <https://www.linkedin.com/company/muellners> *
>>> Company Facebook <https://www.facebook.com/muellners>
>>>
>>> This mail is governed by Muellner® Internet Private Limited's IT
>>> policy.
>>> The information contained in this e-mail and any accompanying documents
>>> may contain information that is confidential or otherwise protected from
>>> disclosure. If you are not the intended recipient of this message, or if
>>> this message has been addressed to you in error, please immediately alert
>>> the sender by reply e-mail and then delete this message, including any
>>> attachments. Any dissemination, distribution or other use of the contents
>>> of this message by anyone other than the intended recipient is strictly
>>> prohibited. All messages sent to and from this e-mail address may be
>>> monitored as permitted by applicable law and regulations to ensure
>>> compliance with our internal policies and to protect our business. E-mails
>>> are not secure and cannot be guaranteed to be error free as they can be
>>> intercepted, amended, lost or destroyed, or contain viruses. You are deemed
>>> to have accepted these risks if you communicate with us by e-mail.
>>>
>>
Re: Question on Fineract Accounting Engine
Posted by Awasum Yannick <aw...@apache.org>.
Hi All,
PR: https://github.com/openMF/community-app/pull/3196 merged to develop
branch of Community App. Test and lets see.
Thanks for contributing Saransh. Thanks Vinayak for reporting the issue.
On Thu, Apr 16, 2020 at 12:22 PM Vinayak Javaly <vi...@urgent.vc> wrote:
> Thanks Saransh. I've subscribed to the fix and will wait.
>
> Have a good day.
>
> Vinayak
>
> On Thu, Apr 16, 2020 at 4:01 AM Saransh Sharma <sa...@muellners.com>
> wrote:
>
>> Hey,
>>
>> Vinayak
>>
>> Here is the fix of your problem: wait for the merge and you can view the
>> dates.
>>
>> https://github.com/openMF/community-app/pull/3196
>>
>> On Thu, Apr 16, 2020 at 4:21 AM Vinayak Javaly <vi...@urgent.vc> wrote:
>>
>>> Saransh, thanks to your help I've been able to set up Cash Accounting.
>>> One remaining problem is that all my date fields appear as null. I'm
>>> concerned this will affect the scheduler jobs that perform the accruals.
>>> Do you have any ideas on how I can fix the null dates?
>>>
>>> Thanks,
>>> Vinayak
>>>
>>>
>>> On Wed, Apr 15, 2020 at 11:11 AM Vinayak Javaly <vi...@urgent.vc>
>>> wrote:
>>>
>>>> Thanks Saransh. This is very helpful.
>>>>
>>>> Vinayak
>>>>
>>>> On Wed, Apr 15, 2020 at 10:39 AM Saransh Sharma <sa...@muellners.com>
>>>> wrote:
>>>>
>>>>> Hey , Vinayak, I hope you are safe.
>>>>>
>>>>> To begin with accounting on finearct as of now in accounting .
>>>>>
>>>>> You need to start with GL entry on contra accounts where you can
>>>>> provide some funds doing a manual entry , once you do that you can
>>>>> configure existing COA with loan products such as in screenshots.
>>>>>
>>>>> This is a working example, for a live loan sample out in south east of
>>>>> India, then you can define your own financial Activity's also.
>>>>>
>>>>> Fineract Accounting is by far really easy to setup. If you have
>>>>> any questions do post here.
>>>>>
>>>>> thanks
>>>>>
>>>>> On Wed, Apr 15, 2020 at 7:47 PM Vinayak Javaly <vi...@urgent.vc>
>>>>> wrote:
>>>>>
>>>>>> Hello. I have a related question. In Loan Product, I'm not able to
>>>>>> set up Cash Accounting. How do I create the values that show up in the
>>>>>> various dropdown lists for Fund source, Loan portfolio, Income from
>>>>>> interest, Income from fees, etc? I have already created a Chart of
>>>>>> Accounts with Asset, Liability, Income and Expense accounts.
>>>>>>
>>>>>> Thanks in advance.
>>>>>>
>>>>>> Vinayak
>>>>>>
>>>>>> On Wed, Apr 15, 2020 at 6:44 AM Vinayak Javaly <vi...@urgent.vc>
>>>>>> wrote:
>>>>>>
>>>>>>> Hi Ed and Bharath. Thank you very much for your
>>>>>>> detailed explanations.
>>>>>>>
>>>>>>> Vinayak
>>>>>>>
>>>>>>> On Wed, Apr 15, 2020 at 2:36 AM Bharath Gowda <bg...@mifos.org>
>>>>>>> wrote:
>>>>>>>
>>>>>>>> Hello Vinayak,
>>>>>>>>
>>>>>>>> Prerequisite is to create a loan product with Accrual Accounting
>>>>>>>> Enabled from the user end, whereafter Mifos Scheduler jobs will take care
>>>>>>>> of Accrual postings.
>>>>>>>>
>>>>>>>> Following two jobs are responsible for accrual transactions
>>>>>>>>
>>>>>>>> *1. Add Accrual Transactions*
>>>>>>>> - All the interest will be accrued till the 'Due date' of the job
>>>>>>>> run and can be viewed under 'Transactions' tab, it is scheduled to run
>>>>>>>> every day.
>>>>>>>>
>>>>>>>> *2.Add Periodic Accrual Transactions*
>>>>>>>> *-*Similar to 'Add Accrual Transactions' except that all the
>>>>>>>> interest will be accrued till the current date i.e the Job run date and
>>>>>>>> time.
>>>>>>>> This job can be configured to run weekly/ monthly or yearly based
>>>>>>>> on the organization needs.
>>>>>>>>
>>>>>>>>
>>>>>>>> In case if you had a late payment fee attached to the loan, same
>>>>>>>> jobs will post the fees portion as well along with the interest.
>>>>>>>>
>>>>>>>> You can go through the following document to understand more on our
>>>>>>>> scheduler jobs and its functionality
>>>>>>>>
>>>>>>>> https://mifosforge.jira.com/wiki/spaces/docs/pages/67895356/Manage+Scheduler+Jobs
>>>>>>>>
>>>>>>>>
>>>>>>>>
>>>>>>>> Please Let me know if you need any more information.
>>>>>>>>
>>>>>>>> Regards,
>>>>>>>> Bharath
>>>>>>>> Lead Implementation Analyst | Mifos Initiative
>>>>>>>> Skype: live:cbharath4| Mobile: +91.7019636073
>>>>>>>> http://mifos.org <http://facebook.com/mifos>
>>>>>>>> <http://www.twitter.com/mifos>
>>>>>>>>
>>>>>>>>
>>>>>>>> On Wed, Apr 15, 2020 at 3:32 AM Ed Cable <ed...@mifos.org> wrote:
>>>>>>>>
>>>>>>>>> Hello Vinayak,
>>>>>>>>>
>>>>>>>>> Welcome to the community. I've cc'd my colleague, @Bharath Gowda
>>>>>>>>> <bg...@mifos.org> , who will be able to help you at a more
>>>>>>>>> technical level but have you checked the status of the scheduler jobs: the
>>>>>>>>> ones for the accrual should be running on a daily basis.
>>>>>>>>>
>>>>>>>>> You can view status of the respective jobs and manually execute
>>>>>>>>> them from the Scheduler Jobs section under Admin >> System.
>>>>>>>>>
>>>>>>>>> You can read more here:
>>>>>>>>> https://docs.mifos.org/user-manual/for-administrators-mifos-x-platform/administration/system/manage-scheduler-jobs
>>>>>>>>>
>>>>>>>>> Ed
>>>>>>>>>
>>>>>>>>> On Tue, Apr 14, 2020 at 2:00 PM Vinayak Javaly <vi...@urgent.vc>
>>>>>>>>> wrote:
>>>>>>>>>
>>>>>>>>>> Hello. I just joined this mailing list. Apologies in advance if
>>>>>>>>>> this question has already been answered, but I could not find it in the
>>>>>>>>>> archives.
>>>>>>>>>>
>>>>>>>>>> First, here's some background: I have setup Fineract and the
>>>>>>>>>> Mifos X client in my development environment. Using the Mifos UI, I have
>>>>>>>>>> created Organizations, Loan Products, and other related entities. Using
>>>>>>>>>> PyFineract / Fineract API, I have created Loans, etc.
>>>>>>>>>>
>>>>>>>>>> My question is:
>>>>>>>>>>
>>>>>>>>>> - What do I need to do or run to get the
>>>>>>>>>> daily/weekly/monthly/periodic accounting to occur? For example, let's
>>>>>>>>>> assume I create a loan with weekly repayments, and after a week has passed
>>>>>>>>>> there are no repayments, what part of the system calculates late fees,
>>>>>>>>>> interest, etc?
>>>>>>>>>>
>>>>>>>>>> Thanks.
>>>>>>>>>>
>>>>>>>>>> VJ
>>>>>>>>>>
>>>>>>>>>
>>>>>>>>>
>>>>>>>>> --
>>>>>>>>> *Ed Cable*
>>>>>>>>> President/CEO, Mifos Initiative
>>>>>>>>> edcable@mifos.org | Skype: edcable | Mobile: +1.484.477.8649
>>>>>>>>>
>>>>>>>>> *Collectively Creating a World of 3 Billion Maries | *
>>>>>>>>> http://mifos.org <http://facebook.com/mifos>
>>>>>>>>> <http://www.twitter.com/mifos>
>>>>>>>>>
>>>>>>>>>
>>>>>
>>>>> --
>>>>>
>>>>> Saransh Sharma
>>>>> *Research Partner*
>>>>> *Muellner Internet Pvt Ltd *
>>>>>
>>>>>
>>>>> ----------------------------------------------------------------------------------------------
>>>>>
>>>>> The idea of separation of me and you is amazing.
>>>>>
>>>>> ----------------------------------------------------------------------------------------------
>>>>> *Company Website <https://www.muellners.com/> **Company Linkedin
>>>>> <https://www.linkedin.com/company/muellners> *
>>>>> Company Facebook <https://www.facebook.com/muellners>
>>>>>
>>>>> This mail is governed by Muellner® Internet Private Limited's IT
>>>>> policy.
>>>>> The information contained in this e-mail and any accompanying
>>>>> documents may contain information that is confidential or otherwise
>>>>> protected from disclosure. If you are not the intended recipient of this
>>>>> message, or if this message has been addressed to you in error, please
>>>>> immediately alert the sender by reply e-mail and then delete this message,
>>>>> including any attachments. Any dissemination, distribution or other use of
>>>>> the contents of this message by anyone other than the intended recipient is
>>>>> strictly prohibited. All messages sent to and from this e-mail address may
>>>>> be monitored as permitted by applicable law and regulations to ensure
>>>>> compliance with our internal policies and to protect our business. E-mails
>>>>> are not secure and cannot be guaranteed to be error free as they can be
>>>>> intercepted, amended, lost or destroyed, or contain viruses. You are deemed
>>>>> to have accepted these risks if you communicate with us by e-mail.
>>>>>
>>>>
>>
>> --
>>
>> Saransh Sharma
>> *Research Partner*
>> *Muellner Internet Pvt Ltd *
>>
>>
>> ----------------------------------------------------------------------------------------------
>>
>> The idea of separation of me and you is amazing.
>>
>> ----------------------------------------------------------------------------------------------
>> *Company Website <https://www.muellners.com/> **Company Linkedin
>> <https://www.linkedin.com/company/muellners> *Company Facebook
>> <https://www.facebook.com/muellners>
>>
>> This mail is governed by Muellner® Internet Private Limited's IT policy.
>> The information contained in this e-mail and any accompanying documents
>> may contain information that is confidential or otherwise protected from
>> disclosure. If you are not the intended recipient of this message, or if
>> this message has been addressed to you in error, please immediately alert
>> the sender by reply e-mail and then delete this message, including any
>> attachments. Any dissemination, distribution or other use of the contents
>> of this message by anyone other than the intended recipient is strictly
>> prohibited. All messages sent to and from this e-mail address may be
>> monitored as permitted by applicable law and regulations to ensure
>> compliance with our internal policies and to protect our business. E-mails
>> are not secure and cannot be guaranteed to be error free as they can be
>> intercepted, amended, lost or destroyed, or contain viruses. You are deemed
>> to have accepted these risks if you communicate with us by e-mail.
>>
>
Re: Question on Fineract Accounting Engine
Posted by Vinayak Javaly <vi...@urgent.vc>.
Thanks Saransh. I've subscribed to the fix and will wait.
Have a good day.
Vinayak
On Thu, Apr 16, 2020 at 4:01 AM Saransh Sharma <sa...@muellners.com>
wrote:
> Hey,
>
> Vinayak
>
> Here is the fix of your problem: wait for the merge and you can view the
> dates.
>
> https://github.com/openMF/community-app/pull/3196
>
> On Thu, Apr 16, 2020 at 4:21 AM Vinayak Javaly <vi...@urgent.vc> wrote:
>
>> Saransh, thanks to your help I've been able to set up Cash Accounting.
>> One remaining problem is that all my date fields appear as null. I'm
>> concerned this will affect the scheduler jobs that perform the accruals.
>> Do you have any ideas on how I can fix the null dates?
>>
>> Thanks,
>> Vinayak
>>
>>
>> On Wed, Apr 15, 2020 at 11:11 AM Vinayak Javaly <vi...@urgent.vc>
>> wrote:
>>
>>> Thanks Saransh. This is very helpful.
>>>
>>> Vinayak
>>>
>>> On Wed, Apr 15, 2020 at 10:39 AM Saransh Sharma <sa...@muellners.com>
>>> wrote:
>>>
>>>> Hey , Vinayak, I hope you are safe.
>>>>
>>>> To begin with accounting on finearct as of now in accounting .
>>>>
>>>> You need to start with GL entry on contra accounts where you can
>>>> provide some funds doing a manual entry , once you do that you can
>>>> configure existing COA with loan products such as in screenshots.
>>>>
>>>> This is a working example, for a live loan sample out in south east of
>>>> India, then you can define your own financial Activity's also.
>>>>
>>>> Fineract Accounting is by far really easy to setup. If you have
>>>> any questions do post here.
>>>>
>>>> thanks
>>>>
>>>> On Wed, Apr 15, 2020 at 7:47 PM Vinayak Javaly <vi...@urgent.vc>
>>>> wrote:
>>>>
>>>>> Hello. I have a related question. In Loan Product, I'm not able to
>>>>> set up Cash Accounting. How do I create the values that show up in the
>>>>> various dropdown lists for Fund source, Loan portfolio, Income from
>>>>> interest, Income from fees, etc? I have already created a Chart of
>>>>> Accounts with Asset, Liability, Income and Expense accounts.
>>>>>
>>>>> Thanks in advance.
>>>>>
>>>>> Vinayak
>>>>>
>>>>> On Wed, Apr 15, 2020 at 6:44 AM Vinayak Javaly <vi...@urgent.vc>
>>>>> wrote:
>>>>>
>>>>>> Hi Ed and Bharath. Thank you very much for your
>>>>>> detailed explanations.
>>>>>>
>>>>>> Vinayak
>>>>>>
>>>>>> On Wed, Apr 15, 2020 at 2:36 AM Bharath Gowda <bg...@mifos.org>
>>>>>> wrote:
>>>>>>
>>>>>>> Hello Vinayak,
>>>>>>>
>>>>>>> Prerequisite is to create a loan product with Accrual Accounting
>>>>>>> Enabled from the user end, whereafter Mifos Scheduler jobs will take care
>>>>>>> of Accrual postings.
>>>>>>>
>>>>>>> Following two jobs are responsible for accrual transactions
>>>>>>>
>>>>>>> *1. Add Accrual Transactions*
>>>>>>> - All the interest will be accrued till the 'Due date' of the job
>>>>>>> run and can be viewed under 'Transactions' tab, it is scheduled to run
>>>>>>> every day.
>>>>>>>
>>>>>>> *2.Add Periodic Accrual Transactions*
>>>>>>> *-*Similar to 'Add Accrual Transactions' except that all the
>>>>>>> interest will be accrued till the current date i.e the Job run date and
>>>>>>> time.
>>>>>>> This job can be configured to run weekly/ monthly or yearly based on
>>>>>>> the organization needs.
>>>>>>>
>>>>>>>
>>>>>>> In case if you had a late payment fee attached to the loan, same
>>>>>>> jobs will post the fees portion as well along with the interest.
>>>>>>>
>>>>>>> You can go through the following document to understand more on our
>>>>>>> scheduler jobs and its functionality
>>>>>>>
>>>>>>> https://mifosforge.jira.com/wiki/spaces/docs/pages/67895356/Manage+Scheduler+Jobs
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>> Please Let me know if you need any more information.
>>>>>>>
>>>>>>> Regards,
>>>>>>> Bharath
>>>>>>> Lead Implementation Analyst | Mifos Initiative
>>>>>>> Skype: live:cbharath4| Mobile: +91.7019636073
>>>>>>> http://mifos.org <http://facebook.com/mifos>
>>>>>>> <http://www.twitter.com/mifos>
>>>>>>>
>>>>>>>
>>>>>>> On Wed, Apr 15, 2020 at 3:32 AM Ed Cable <ed...@mifos.org> wrote:
>>>>>>>
>>>>>>>> Hello Vinayak,
>>>>>>>>
>>>>>>>> Welcome to the community. I've cc'd my colleague, @Bharath Gowda
>>>>>>>> <bg...@mifos.org> , who will be able to help you at a more
>>>>>>>> technical level but have you checked the status of the scheduler jobs: the
>>>>>>>> ones for the accrual should be running on a daily basis.
>>>>>>>>
>>>>>>>> You can view status of the respective jobs and manually execute
>>>>>>>> them from the Scheduler Jobs section under Admin >> System.
>>>>>>>>
>>>>>>>> You can read more here:
>>>>>>>> https://docs.mifos.org/user-manual/for-administrators-mifos-x-platform/administration/system/manage-scheduler-jobs
>>>>>>>>
>>>>>>>> Ed
>>>>>>>>
>>>>>>>> On Tue, Apr 14, 2020 at 2:00 PM Vinayak Javaly <vi...@urgent.vc>
>>>>>>>> wrote:
>>>>>>>>
>>>>>>>>> Hello. I just joined this mailing list. Apologies in advance if
>>>>>>>>> this question has already been answered, but I could not find it in the
>>>>>>>>> archives.
>>>>>>>>>
>>>>>>>>> First, here's some background: I have setup Fineract and the
>>>>>>>>> Mifos X client in my development environment. Using the Mifos UI, I have
>>>>>>>>> created Organizations, Loan Products, and other related entities. Using
>>>>>>>>> PyFineract / Fineract API, I have created Loans, etc.
>>>>>>>>>
>>>>>>>>> My question is:
>>>>>>>>>
>>>>>>>>> - What do I need to do or run to get the
>>>>>>>>> daily/weekly/monthly/periodic accounting to occur? For example, let's
>>>>>>>>> assume I create a loan with weekly repayments, and after a week has passed
>>>>>>>>> there are no repayments, what part of the system calculates late fees,
>>>>>>>>> interest, etc?
>>>>>>>>>
>>>>>>>>> Thanks.
>>>>>>>>>
>>>>>>>>> VJ
>>>>>>>>>
>>>>>>>>
>>>>>>>>
>>>>>>>> --
>>>>>>>> *Ed Cable*
>>>>>>>> President/CEO, Mifos Initiative
>>>>>>>> edcable@mifos.org | Skype: edcable | Mobile: +1.484.477.8649
>>>>>>>>
>>>>>>>> *Collectively Creating a World of 3 Billion Maries | *
>>>>>>>> http://mifos.org <http://facebook.com/mifos>
>>>>>>>> <http://www.twitter.com/mifos>
>>>>>>>>
>>>>>>>>
>>>>
>>>> --
>>>>
>>>> Saransh Sharma
>>>> *Research Partner*
>>>> *Muellner Internet Pvt Ltd *
>>>>
>>>>
>>>> ----------------------------------------------------------------------------------------------
>>>>
>>>> The idea of separation of me and you is amazing.
>>>>
>>>> ----------------------------------------------------------------------------------------------
>>>> *Company Website <https://www.muellners.com/> **Company Linkedin
>>>> <https://www.linkedin.com/company/muellners> *
>>>> Company Facebook <https://www.facebook.com/muellners>
>>>>
>>>> This mail is governed by Muellner® Internet Private Limited's IT
>>>> policy.
>>>> The information contained in this e-mail and any accompanying documents
>>>> may contain information that is confidential or otherwise protected from
>>>> disclosure. If you are not the intended recipient of this message, or if
>>>> this message has been addressed to you in error, please immediately alert
>>>> the sender by reply e-mail and then delete this message, including any
>>>> attachments. Any dissemination, distribution or other use of the contents
>>>> of this message by anyone other than the intended recipient is strictly
>>>> prohibited. All messages sent to and from this e-mail address may be
>>>> monitored as permitted by applicable law and regulations to ensure
>>>> compliance with our internal policies and to protect our business. E-mails
>>>> are not secure and cannot be guaranteed to be error free as they can be
>>>> intercepted, amended, lost or destroyed, or contain viruses. You are deemed
>>>> to have accepted these risks if you communicate with us by e-mail.
>>>>
>>>
>
> --
>
> Saransh Sharma
> *Research Partner*
> *Muellner Internet Pvt Ltd *
>
>
> ----------------------------------------------------------------------------------------------
>
> The idea of separation of me and you is amazing.
>
> ----------------------------------------------------------------------------------------------
> *Company Website <https://www.muellners.com/> **Company Linkedin
> <https://www.linkedin.com/company/muellners> *Company Facebook
> <https://www.facebook.com/muellners>
>
> This mail is governed by Muellner® Internet Private Limited's IT policy.
> The information contained in this e-mail and any accompanying documents
> may contain information that is confidential or otherwise protected from
> disclosure. If you are not the intended recipient of this message, or if
> this message has been addressed to you in error, please immediately alert
> the sender by reply e-mail and then delete this message, including any
> attachments. Any dissemination, distribution or other use of the contents
> of this message by anyone other than the intended recipient is strictly
> prohibited. All messages sent to and from this e-mail address may be
> monitored as permitted by applicable law and regulations to ensure
> compliance with our internal policies and to protect our business. E-mails
> are not secure and cannot be guaranteed to be error free as they can be
> intercepted, amended, lost or destroyed, or contain viruses. You are deemed
> to have accepted these risks if you communicate with us by e-mail.
>
Re: Question on Fineract Accounting Engine
Posted by Saransh Sharma <sa...@muellners.com>.
Hey,
Vinayak
Here is the fix of your problem: wait for the merge and you can view the
dates.
https://github.com/openMF/community-app/pull/3196
On Thu, Apr 16, 2020 at 4:21 AM Vinayak Javaly <vi...@urgent.vc> wrote:
> Saransh, thanks to your help I've been able to set up Cash Accounting.
> One remaining problem is that all my date fields appear as null. I'm
> concerned this will affect the scheduler jobs that perform the accruals.
> Do you have any ideas on how I can fix the null dates?
>
> Thanks,
> Vinayak
>
>
> On Wed, Apr 15, 2020 at 11:11 AM Vinayak Javaly <vi...@urgent.vc> wrote:
>
>> Thanks Saransh. This is very helpful.
>>
>> Vinayak
>>
>> On Wed, Apr 15, 2020 at 10:39 AM Saransh Sharma <sa...@muellners.com>
>> wrote:
>>
>>> Hey , Vinayak, I hope you are safe.
>>>
>>> To begin with accounting on finearct as of now in accounting .
>>>
>>> You need to start with GL entry on contra accounts where you can provide
>>> some funds doing a manual entry , once you do that you can configure
>>> existing COA with loan products such as in screenshots.
>>>
>>> This is a working example, for a live loan sample out in south east of
>>> India, then you can define your own financial Activity's also.
>>>
>>> Fineract Accounting is by far really easy to setup. If you have
>>> any questions do post here.
>>>
>>> thanks
>>>
>>> On Wed, Apr 15, 2020 at 7:47 PM Vinayak Javaly <vi...@urgent.vc>
>>> wrote:
>>>
>>>> Hello. I have a related question. In Loan Product, I'm not able to
>>>> set up Cash Accounting. How do I create the values that show up in the
>>>> various dropdown lists for Fund source, Loan portfolio, Income from
>>>> interest, Income from fees, etc? I have already created a Chart of
>>>> Accounts with Asset, Liability, Income and Expense accounts.
>>>>
>>>> Thanks in advance.
>>>>
>>>> Vinayak
>>>>
>>>> On Wed, Apr 15, 2020 at 6:44 AM Vinayak Javaly <vi...@urgent.vc>
>>>> wrote:
>>>>
>>>>> Hi Ed and Bharath. Thank you very much for your detailed explanations.
>>>>>
>>>>> Vinayak
>>>>>
>>>>> On Wed, Apr 15, 2020 at 2:36 AM Bharath Gowda <bg...@mifos.org>
>>>>> wrote:
>>>>>
>>>>>> Hello Vinayak,
>>>>>>
>>>>>> Prerequisite is to create a loan product with Accrual Accounting
>>>>>> Enabled from the user end, whereafter Mifos Scheduler jobs will take care
>>>>>> of Accrual postings.
>>>>>>
>>>>>> Following two jobs are responsible for accrual transactions
>>>>>>
>>>>>> *1. Add Accrual Transactions*
>>>>>> - All the interest will be accrued till the 'Due date' of the job
>>>>>> run and can be viewed under 'Transactions' tab, it is scheduled to run
>>>>>> every day.
>>>>>>
>>>>>> *2.Add Periodic Accrual Transactions*
>>>>>> *-*Similar to 'Add Accrual Transactions' except that all the
>>>>>> interest will be accrued till the current date i.e the Job run date and
>>>>>> time.
>>>>>> This job can be configured to run weekly/ monthly or yearly based on
>>>>>> the organization needs.
>>>>>>
>>>>>>
>>>>>> In case if you had a late payment fee attached to the loan, same jobs
>>>>>> will post the fees portion as well along with the interest.
>>>>>>
>>>>>> You can go through the following document to understand more on our
>>>>>> scheduler jobs and its functionality
>>>>>>
>>>>>> https://mifosforge.jira.com/wiki/spaces/docs/pages/67895356/Manage+Scheduler+Jobs
>>>>>>
>>>>>>
>>>>>>
>>>>>> Please Let me know if you need any more information.
>>>>>>
>>>>>> Regards,
>>>>>> Bharath
>>>>>> Lead Implementation Analyst | Mifos Initiative
>>>>>> Skype: live:cbharath4| Mobile: +91.7019636073
>>>>>> http://mifos.org <http://facebook.com/mifos>
>>>>>> <http://www.twitter.com/mifos>
>>>>>>
>>>>>>
>>>>>> On Wed, Apr 15, 2020 at 3:32 AM Ed Cable <ed...@mifos.org> wrote:
>>>>>>
>>>>>>> Hello Vinayak,
>>>>>>>
>>>>>>> Welcome to the community. I've cc'd my colleague, @Bharath Gowda
>>>>>>> <bg...@mifos.org> , who will be able to help you at a more
>>>>>>> technical level but have you checked the status of the scheduler jobs: the
>>>>>>> ones for the accrual should be running on a daily basis.
>>>>>>>
>>>>>>> You can view status of the respective jobs and manually execute them
>>>>>>> from the Scheduler Jobs section under Admin >> System.
>>>>>>>
>>>>>>> You can read more here:
>>>>>>> https://docs.mifos.org/user-manual/for-administrators-mifos-x-platform/administration/system/manage-scheduler-jobs
>>>>>>>
>>>>>>> Ed
>>>>>>>
>>>>>>> On Tue, Apr 14, 2020 at 2:00 PM Vinayak Javaly <vi...@urgent.vc>
>>>>>>> wrote:
>>>>>>>
>>>>>>>> Hello. I just joined this mailing list. Apologies in advance if
>>>>>>>> this question has already been answered, but I could not find it in the
>>>>>>>> archives.
>>>>>>>>
>>>>>>>> First, here's some background: I have setup Fineract and the Mifos
>>>>>>>> X client in my development environment. Using the Mifos UI, I have created
>>>>>>>> Organizations, Loan Products, and other related entities. Using PyFineract
>>>>>>>> / Fineract API, I have created Loans, etc.
>>>>>>>>
>>>>>>>> My question is:
>>>>>>>>
>>>>>>>> - What do I need to do or run to get the
>>>>>>>> daily/weekly/monthly/periodic accounting to occur? For example, let's
>>>>>>>> assume I create a loan with weekly repayments, and after a week has passed
>>>>>>>> there are no repayments, what part of the system calculates late fees,
>>>>>>>> interest, etc?
>>>>>>>>
>>>>>>>> Thanks.
>>>>>>>>
>>>>>>>> VJ
>>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>> --
>>>>>>> *Ed Cable*
>>>>>>> President/CEO, Mifos Initiative
>>>>>>> edcable@mifos.org | Skype: edcable | Mobile: +1.484.477.8649
>>>>>>>
>>>>>>> *Collectively Creating a World of 3 Billion Maries | *
>>>>>>> http://mifos.org <http://facebook.com/mifos>
>>>>>>> <http://www.twitter.com/mifos>
>>>>>>>
>>>>>>>
>>>
>>> --
>>>
>>> Saransh Sharma
>>> *Research Partner*
>>> *Muellner Internet Pvt Ltd *
>>>
>>>
>>> ----------------------------------------------------------------------------------------------
>>>
>>> The idea of separation of me and you is amazing.
>>>
>>> ----------------------------------------------------------------------------------------------
>>> *Company Website <https://www.muellners.com/> **Company Linkedin
>>> <https://www.linkedin.com/company/muellners> *
>>> Company Facebook <https://www.facebook.com/muellners>
>>>
>>> This mail is governed by Muellner® Internet Private Limited's IT
>>> policy.
>>> The information contained in this e-mail and any accompanying documents
>>> may contain information that is confidential or otherwise protected from
>>> disclosure. If you are not the intended recipient of this message, or if
>>> this message has been addressed to you in error, please immediately alert
>>> the sender by reply e-mail and then delete this message, including any
>>> attachments. Any dissemination, distribution or other use of the contents
>>> of this message by anyone other than the intended recipient is strictly
>>> prohibited. All messages sent to and from this e-mail address may be
>>> monitored as permitted by applicable law and regulations to ensure
>>> compliance with our internal policies and to protect our business. E-mails
>>> are not secure and cannot be guaranteed to be error free as they can be
>>> intercepted, amended, lost or destroyed, or contain viruses. You are deemed
>>> to have accepted these risks if you communicate with us by e-mail.
>>>
>>
--
Saransh Sharma
*Research Partner*
*Muellner Internet Pvt Ltd *
----------------------------------------------------------------------------------------------
The idea of separation of me and you is amazing.
----------------------------------------------------------------------------------------------
*Company Website <https://www.muellners.com/> **Company Linkedin
<https://www.linkedin.com/company/muellners> *Company Facebook
<https://www.facebook.com/muellners>
This mail is governed by Muellner® Internet Private Limited's IT policy.
The information contained in this e-mail and any accompanying documents may
contain information that is confidential or otherwise protected from
disclosure. If you are not the intended recipient of this message, or if
this message has been addressed to you in error, please immediately alert
the sender by reply e-mail and then delete this message, including any
attachments. Any dissemination, distribution or other use of the contents
of this message by anyone other than the intended recipient is strictly
prohibited. All messages sent to and from this e-mail address may be
monitored as permitted by applicable law and regulations to ensure
compliance with our internal policies and to protect our business. E-mails
are not secure and cannot be guaranteed to be error free as they can be
intercepted, amended, lost or destroyed, or contain viruses. You are deemed
to have accepted these risks if you communicate with us by e-mail.
Re: Question on Fineract Accounting Engine
Posted by Vinayak Javaly <vi...@urgent.vc>.
Saransh, thanks to your help I've been able to set up Cash Accounting. One
remaining problem is that all my date fields appear as null. I'm concerned
this will affect the scheduler jobs that perform the accruals.
Do you have any ideas on how I can fix the null dates?
Thanks,
Vinayak
On Wed, Apr 15, 2020 at 11:11 AM Vinayak Javaly <vi...@urgent.vc> wrote:
> Thanks Saransh. This is very helpful.
>
> Vinayak
>
> On Wed, Apr 15, 2020 at 10:39 AM Saransh Sharma <sa...@muellners.com>
> wrote:
>
>> Hey , Vinayak, I hope you are safe.
>>
>> To begin with accounting on finearct as of now in accounting .
>>
>> You need to start with GL entry on contra accounts where you can provide
>> some funds doing a manual entry , once you do that you can configure
>> existing COA with loan products such as in screenshots.
>>
>> This is a working example, for a live loan sample out in south east of
>> India, then you can define your own financial Activity's also.
>>
>> Fineract Accounting is by far really easy to setup. If you have
>> any questions do post here.
>>
>> thanks
>>
>> On Wed, Apr 15, 2020 at 7:47 PM Vinayak Javaly <vi...@urgent.vc> wrote:
>>
>>> Hello. I have a related question. In Loan Product, I'm not able to set
>>> up Cash Accounting. How do I create the values that show up in the various
>>> dropdown lists for Fund source, Loan portfolio, Income from interest,
>>> Income from fees, etc? I have already created a Chart of Accounts with
>>> Asset, Liability, Income and Expense accounts.
>>>
>>> Thanks in advance.
>>>
>>> Vinayak
>>>
>>> On Wed, Apr 15, 2020 at 6:44 AM Vinayak Javaly <vi...@urgent.vc>
>>> wrote:
>>>
>>>> Hi Ed and Bharath. Thank you very much for your detailed explanations.
>>>>
>>>> Vinayak
>>>>
>>>> On Wed, Apr 15, 2020 at 2:36 AM Bharath Gowda <bg...@mifos.org> wrote:
>>>>
>>>>> Hello Vinayak,
>>>>>
>>>>> Prerequisite is to create a loan product with Accrual Accounting
>>>>> Enabled from the user end, whereafter Mifos Scheduler jobs will take care
>>>>> of Accrual postings.
>>>>>
>>>>> Following two jobs are responsible for accrual transactions
>>>>>
>>>>> *1. Add Accrual Transactions*
>>>>> - All the interest will be accrued till the 'Due date' of the job run
>>>>> and can be viewed under 'Transactions' tab, it is scheduled to run every
>>>>> day.
>>>>>
>>>>> *2.Add Periodic Accrual Transactions*
>>>>> *-*Similar to 'Add Accrual Transactions' except that all the interest
>>>>> will be accrued till the current date i.e the Job run date and time.
>>>>> This job can be configured to run weekly/ monthly or yearly based on
>>>>> the organization needs.
>>>>>
>>>>>
>>>>> In case if you had a late payment fee attached to the loan, same jobs
>>>>> will post the fees portion as well along with the interest.
>>>>>
>>>>> You can go through the following document to understand more on our
>>>>> scheduler jobs and its functionality
>>>>>
>>>>> https://mifosforge.jira.com/wiki/spaces/docs/pages/67895356/Manage+Scheduler+Jobs
>>>>>
>>>>>
>>>>>
>>>>> Please Let me know if you need any more information.
>>>>>
>>>>> Regards,
>>>>> Bharath
>>>>> Lead Implementation Analyst | Mifos Initiative
>>>>> Skype: live:cbharath4| Mobile: +91.7019636073
>>>>> http://mifos.org <http://facebook.com/mifos>
>>>>> <http://www.twitter.com/mifos>
>>>>>
>>>>>
>>>>> On Wed, Apr 15, 2020 at 3:32 AM Ed Cable <ed...@mifos.org> wrote:
>>>>>
>>>>>> Hello Vinayak,
>>>>>>
>>>>>> Welcome to the community. I've cc'd my colleague, @Bharath Gowda
>>>>>> <bg...@mifos.org> , who will be able to help you at a more
>>>>>> technical level but have you checked the status of the scheduler jobs: the
>>>>>> ones for the accrual should be running on a daily basis.
>>>>>>
>>>>>> You can view status of the respective jobs and manually execute them
>>>>>> from the Scheduler Jobs section under Admin >> System.
>>>>>>
>>>>>> You can read more here:
>>>>>> https://docs.mifos.org/user-manual/for-administrators-mifos-x-platform/administration/system/manage-scheduler-jobs
>>>>>>
>>>>>> Ed
>>>>>>
>>>>>> On Tue, Apr 14, 2020 at 2:00 PM Vinayak Javaly <vi...@urgent.vc>
>>>>>> wrote:
>>>>>>
>>>>>>> Hello. I just joined this mailing list. Apologies in advance if
>>>>>>> this question has already been answered, but I could not find it in the
>>>>>>> archives.
>>>>>>>
>>>>>>> First, here's some background: I have setup Fineract and the Mifos
>>>>>>> X client in my development environment. Using the Mifos UI, I have created
>>>>>>> Organizations, Loan Products, and other related entities. Using PyFineract
>>>>>>> / Fineract API, I have created Loans, etc.
>>>>>>>
>>>>>>> My question is:
>>>>>>>
>>>>>>> - What do I need to do or run to get the
>>>>>>> daily/weekly/monthly/periodic accounting to occur? For example, let's
>>>>>>> assume I create a loan with weekly repayments, and after a week has passed
>>>>>>> there are no repayments, what part of the system calculates late fees,
>>>>>>> interest, etc?
>>>>>>>
>>>>>>> Thanks.
>>>>>>>
>>>>>>> VJ
>>>>>>>
>>>>>>
>>>>>>
>>>>>> --
>>>>>> *Ed Cable*
>>>>>> President/CEO, Mifos Initiative
>>>>>> edcable@mifos.org | Skype: edcable | Mobile: +1.484.477.8649
>>>>>>
>>>>>> *Collectively Creating a World of 3 Billion Maries | *
>>>>>> http://mifos.org <http://facebook.com/mifos>
>>>>>> <http://www.twitter.com/mifos>
>>>>>>
>>>>>>
>>
>> --
>>
>> Saransh Sharma
>> *Research Partner*
>> *Muellner Internet Pvt Ltd *
>>
>>
>> ----------------------------------------------------------------------------------------------
>>
>> The idea of separation of me and you is amazing.
>>
>> ----------------------------------------------------------------------------------------------
>> *Company Website <https://www.muellners.com/> **Company Linkedin
>> <https://www.linkedin.com/company/muellners> *Company Facebook
>> <https://www.facebook.com/muellners>
>>
>> This mail is governed by Muellner® Internet Private Limited's IT policy.
>> The information contained in this e-mail and any accompanying documents
>> may contain information that is confidential or otherwise protected from
>> disclosure. If you are not the intended recipient of this message, or if
>> this message has been addressed to you in error, please immediately alert
>> the sender by reply e-mail and then delete this message, including any
>> attachments. Any dissemination, distribution or other use of the contents
>> of this message by anyone other than the intended recipient is strictly
>> prohibited. All messages sent to and from this e-mail address may be
>> monitored as permitted by applicable law and regulations to ensure
>> compliance with our internal policies and to protect our business. E-mails
>> are not secure and cannot be guaranteed to be error free as they can be
>> intercepted, amended, lost or destroyed, or contain viruses. You are deemed
>> to have accepted these risks if you communicate with us by e-mail.
>>
>
Re: Question on Fineract Accounting Engine
Posted by Vinayak Javaly <vi...@urgent.vc>.
Thanks Saransh. This is very helpful.
Vinayak
On Wed, Apr 15, 2020 at 10:39 AM Saransh Sharma <sa...@muellners.com>
wrote:
> Hey , Vinayak, I hope you are safe.
>
> To begin with accounting on finearct as of now in accounting .
>
> You need to start with GL entry on contra accounts where you can provide
> some funds doing a manual entry , once you do that you can configure
> existing COA with loan products such as in screenshots.
>
> This is a working example, for a live loan sample out in south east of
> India, then you can define your own financial Activity's also.
>
> Fineract Accounting is by far really easy to setup. If you have
> any questions do post here.
>
> thanks
>
> On Wed, Apr 15, 2020 at 7:47 PM Vinayak Javaly <vi...@urgent.vc> wrote:
>
>> Hello. I have a related question. In Loan Product, I'm not able to set
>> up Cash Accounting. How do I create the values that show up in the various
>> dropdown lists for Fund source, Loan portfolio, Income from interest,
>> Income from fees, etc? I have already created a Chart of Accounts with
>> Asset, Liability, Income and Expense accounts.
>>
>> Thanks in advance.
>>
>> Vinayak
>>
>> On Wed, Apr 15, 2020 at 6:44 AM Vinayak Javaly <vi...@urgent.vc> wrote:
>>
>>> Hi Ed and Bharath. Thank you very much for your detailed explanations.
>>>
>>> Vinayak
>>>
>>> On Wed, Apr 15, 2020 at 2:36 AM Bharath Gowda <bg...@mifos.org> wrote:
>>>
>>>> Hello Vinayak,
>>>>
>>>> Prerequisite is to create a loan product with Accrual Accounting
>>>> Enabled from the user end, whereafter Mifos Scheduler jobs will take care
>>>> of Accrual postings.
>>>>
>>>> Following two jobs are responsible for accrual transactions
>>>>
>>>> *1. Add Accrual Transactions*
>>>> - All the interest will be accrued till the 'Due date' of the job run
>>>> and can be viewed under 'Transactions' tab, it is scheduled to run every
>>>> day.
>>>>
>>>> *2.Add Periodic Accrual Transactions*
>>>> *-*Similar to 'Add Accrual Transactions' except that all the interest
>>>> will be accrued till the current date i.e the Job run date and time.
>>>> This job can be configured to run weekly/ monthly or yearly based on
>>>> the organization needs.
>>>>
>>>>
>>>> In case if you had a late payment fee attached to the loan, same jobs
>>>> will post the fees portion as well along with the interest.
>>>>
>>>> You can go through the following document to understand more on our
>>>> scheduler jobs and its functionality
>>>>
>>>> https://mifosforge.jira.com/wiki/spaces/docs/pages/67895356/Manage+Scheduler+Jobs
>>>>
>>>>
>>>>
>>>> Please Let me know if you need any more information.
>>>>
>>>> Regards,
>>>> Bharath
>>>> Lead Implementation Analyst | Mifos Initiative
>>>> Skype: live:cbharath4| Mobile: +91.7019636073
>>>> http://mifos.org <http://facebook.com/mifos>
>>>> <http://www.twitter.com/mifos>
>>>>
>>>>
>>>> On Wed, Apr 15, 2020 at 3:32 AM Ed Cable <ed...@mifos.org> wrote:
>>>>
>>>>> Hello Vinayak,
>>>>>
>>>>> Welcome to the community. I've cc'd my colleague, @Bharath Gowda
>>>>> <bg...@mifos.org> , who will be able to help you at a more technical
>>>>> level but have you checked the status of the scheduler jobs: the ones for
>>>>> the accrual should be running on a daily basis.
>>>>>
>>>>> You can view status of the respective jobs and manually execute them
>>>>> from the Scheduler Jobs section under Admin >> System.
>>>>>
>>>>> You can read more here:
>>>>> https://docs.mifos.org/user-manual/for-administrators-mifos-x-platform/administration/system/manage-scheduler-jobs
>>>>>
>>>>> Ed
>>>>>
>>>>> On Tue, Apr 14, 2020 at 2:00 PM Vinayak Javaly <vi...@urgent.vc>
>>>>> wrote:
>>>>>
>>>>>> Hello. I just joined this mailing list. Apologies in advance if
>>>>>> this question has already been answered, but I could not find it in the
>>>>>> archives.
>>>>>>
>>>>>> First, here's some background: I have setup Fineract and the Mifos X
>>>>>> client in my development environment. Using the Mifos UI, I have created
>>>>>> Organizations, Loan Products, and other related entities. Using PyFineract
>>>>>> / Fineract API, I have created Loans, etc.
>>>>>>
>>>>>> My question is:
>>>>>>
>>>>>> - What do I need to do or run to get the
>>>>>> daily/weekly/monthly/periodic accounting to occur? For example, let's
>>>>>> assume I create a loan with weekly repayments, and after a week has passed
>>>>>> there are no repayments, what part of the system calculates late fees,
>>>>>> interest, etc?
>>>>>>
>>>>>> Thanks.
>>>>>>
>>>>>> VJ
>>>>>>
>>>>>
>>>>>
>>>>> --
>>>>> *Ed Cable*
>>>>> President/CEO, Mifos Initiative
>>>>> edcable@mifos.org | Skype: edcable | Mobile: +1.484.477.8649
>>>>>
>>>>> *Collectively Creating a World of 3 Billion Maries | *http://mifos.org
>>>>> <http://facebook.com/mifos> <http://www.twitter.com/mifos>
>>>>>
>>>>>
>
> --
>
> Saransh Sharma
> *Research Partner*
> *Muellner Internet Pvt Ltd *
>
>
> ----------------------------------------------------------------------------------------------
>
> The idea of separation of me and you is amazing.
>
> ----------------------------------------------------------------------------------------------
> *Company Website <https://www.muellners.com/> **Company Linkedin
> <https://www.linkedin.com/company/muellners> *Company Facebook
> <https://www.facebook.com/muellners>
>
> This mail is governed by Muellner® Internet Private Limited's IT policy.
> The information contained in this e-mail and any accompanying documents
> may contain information that is confidential or otherwise protected from
> disclosure. If you are not the intended recipient of this message, or if
> this message has been addressed to you in error, please immediately alert
> the sender by reply e-mail and then delete this message, including any
> attachments. Any dissemination, distribution or other use of the contents
> of this message by anyone other than the intended recipient is strictly
> prohibited. All messages sent to and from this e-mail address may be
> monitored as permitted by applicable law and regulations to ensure
> compliance with our internal policies and to protect our business. E-mails
> are not secure and cannot be guaranteed to be error free as they can be
> intercepted, amended, lost or destroyed, or contain viruses. You are deemed
> to have accepted these risks if you communicate with us by e-mail.
>
Re: Question on Fineract Accounting Engine
Posted by Saransh Sharma <sa...@muellners.com>.
Hey , Vinayak, I hope you are safe.
To begin with accounting on finearct as of now in accounting .
You need to start with GL entry on contra accounts where you can provide
some funds doing a manual entry , once you do that you can configure
existing COA with loan products such as in screenshots.
This is a working example, for a live loan sample out in south east of
India, then you can define your own financial Activity's also.
Fineract Accounting is by far really easy to setup. If you have
any questions do post here.
thanks
On Wed, Apr 15, 2020 at 7:47 PM Vinayak Javaly <vi...@urgent.vc> wrote:
> Hello. I have a related question. In Loan Product, I'm not able to set
> up Cash Accounting. How do I create the values that show up in the various
> dropdown lists for Fund source, Loan portfolio, Income from interest,
> Income from fees, etc? I have already created a Chart of Accounts with
> Asset, Liability, Income and Expense accounts.
>
> Thanks in advance.
>
> Vinayak
>
> On Wed, Apr 15, 2020 at 6:44 AM Vinayak Javaly <vi...@urgent.vc> wrote:
>
>> Hi Ed and Bharath. Thank you very much for your detailed explanations.
>>
>> Vinayak
>>
>> On Wed, Apr 15, 2020 at 2:36 AM Bharath Gowda <bg...@mifos.org> wrote:
>>
>>> Hello Vinayak,
>>>
>>> Prerequisite is to create a loan product with Accrual Accounting Enabled
>>> from the user end, whereafter Mifos Scheduler jobs will take care of
>>> Accrual postings.
>>>
>>> Following two jobs are responsible for accrual transactions
>>>
>>> *1. Add Accrual Transactions*
>>> - All the interest will be accrued till the 'Due date' of the job run
>>> and can be viewed under 'Transactions' tab, it is scheduled to run every
>>> day.
>>>
>>> *2.Add Periodic Accrual Transactions*
>>> *-*Similar to 'Add Accrual Transactions' except that all the interest
>>> will be accrued till the current date i.e the Job run date and time.
>>> This job can be configured to run weekly/ monthly or yearly based on the
>>> organization needs.
>>>
>>>
>>> In case if you had a late payment fee attached to the loan, same jobs
>>> will post the fees portion as well along with the interest.
>>>
>>> You can go through the following document to understand more on our
>>> scheduler jobs and its functionality
>>>
>>> https://mifosforge.jira.com/wiki/spaces/docs/pages/67895356/Manage+Scheduler+Jobs
>>>
>>>
>>>
>>> Please Let me know if you need any more information.
>>>
>>> Regards,
>>> Bharath
>>> Lead Implementation Analyst | Mifos Initiative
>>> Skype: live:cbharath4| Mobile: +91.7019636073
>>> http://mifos.org <http://facebook.com/mifos>
>>> <http://www.twitter.com/mifos>
>>>
>>>
>>> On Wed, Apr 15, 2020 at 3:32 AM Ed Cable <ed...@mifos.org> wrote:
>>>
>>>> Hello Vinayak,
>>>>
>>>> Welcome to the community. I've cc'd my colleague, @Bharath Gowda
>>>> <bg...@mifos.org> , who will be able to help you at a more technical
>>>> level but have you checked the status of the scheduler jobs: the ones for
>>>> the accrual should be running on a daily basis.
>>>>
>>>> You can view status of the respective jobs and manually execute them
>>>> from the Scheduler Jobs section under Admin >> System.
>>>>
>>>> You can read more here:
>>>> https://docs.mifos.org/user-manual/for-administrators-mifos-x-platform/administration/system/manage-scheduler-jobs
>>>>
>>>> Ed
>>>>
>>>> On Tue, Apr 14, 2020 at 2:00 PM Vinayak Javaly <vi...@urgent.vc>
>>>> wrote:
>>>>
>>>>> Hello. I just joined this mailing list. Apologies in advance if this
>>>>> question has already been answered, but I could not find it in the archives.
>>>>>
>>>>> First, here's some background: I have setup Fineract and the Mifos X
>>>>> client in my development environment. Using the Mifos UI, I have created
>>>>> Organizations, Loan Products, and other related entities. Using PyFineract
>>>>> / Fineract API, I have created Loans, etc.
>>>>>
>>>>> My question is:
>>>>>
>>>>> - What do I need to do or run to get the
>>>>> daily/weekly/monthly/periodic accounting to occur? For example, let's
>>>>> assume I create a loan with weekly repayments, and after a week has passed
>>>>> there are no repayments, what part of the system calculates late fees,
>>>>> interest, etc?
>>>>>
>>>>> Thanks.
>>>>>
>>>>> VJ
>>>>>
>>>>
>>>>
>>>> --
>>>> *Ed Cable*
>>>> President/CEO, Mifos Initiative
>>>> edcable@mifos.org | Skype: edcable | Mobile: +1.484.477.8649
>>>>
>>>> *Collectively Creating a World of 3 Billion Maries | *http://mifos.org
>>>> <http://facebook.com/mifos> <http://www.twitter.com/mifos>
>>>>
>>>>
--
Saransh Sharma
*Research Partner*
*Muellner Internet Pvt Ltd *
----------------------------------------------------------------------------------------------
The idea of separation of me and you is amazing.
----------------------------------------------------------------------------------------------
*Company Website <https://www.muellners.com/> **Company Linkedin
<https://www.linkedin.com/company/muellners> *Company Facebook
<https://www.facebook.com/muellners>
This mail is governed by Muellner® Internet Private Limited's IT policy.
The information contained in this e-mail and any accompanying documents may
contain information that is confidential or otherwise protected from
disclosure. If you are not the intended recipient of this message, or if
this message has been addressed to you in error, please immediately alert
the sender by reply e-mail and then delete this message, including any
attachments. Any dissemination, distribution or other use of the contents
of this message by anyone other than the intended recipient is strictly
prohibited. All messages sent to and from this e-mail address may be
monitored as permitted by applicable law and regulations to ensure
compliance with our internal policies and to protect our business. E-mails
are not secure and cannot be guaranteed to be error free as they can be
intercepted, amended, lost or destroyed, or contain viruses. You are deemed
to have accepted these risks if you communicate with us by e-mail.
Re: Question on Fineract Accounting Engine
Posted by Vinayak Javaly <vi...@urgent.vc>.
Hello. I have a related question. In Loan Product, I'm not able to set up
Cash Accounting. How do I create the values that show up in the various
dropdown lists for Fund source, Loan portfolio, Income from interest,
Income from fees, etc? I have already created a Chart of Accounts with
Asset, Liability, Income and Expense accounts.
Thanks in advance.
Vinayak
On Wed, Apr 15, 2020 at 6:44 AM Vinayak Javaly <vi...@urgent.vc> wrote:
> Hi Ed and Bharath. Thank you very much for your detailed explanations.
>
> Vinayak
>
> On Wed, Apr 15, 2020 at 2:36 AM Bharath Gowda <bg...@mifos.org> wrote:
>
>> Hello Vinayak,
>>
>> Prerequisite is to create a loan product with Accrual Accounting Enabled
>> from the user end, whereafter Mifos Scheduler jobs will take care of
>> Accrual postings.
>>
>> Following two jobs are responsible for accrual transactions
>>
>> *1. Add Accrual Transactions*
>> - All the interest will be accrued till the 'Due date' of the job run
>> and can be viewed under 'Transactions' tab, it is scheduled to run every
>> day.
>>
>> *2.Add Periodic Accrual Transactions*
>> *-*Similar to 'Add Accrual Transactions' except that all the interest
>> will be accrued till the current date i.e the Job run date and time.
>> This job can be configured to run weekly/ monthly or yearly based on the
>> organization needs.
>>
>>
>> In case if you had a late payment fee attached to the loan, same jobs
>> will post the fees portion as well along with the interest.
>>
>> You can go through the following document to understand more on our
>> scheduler jobs and its functionality
>>
>> https://mifosforge.jira.com/wiki/spaces/docs/pages/67895356/Manage+Scheduler+Jobs
>>
>>
>>
>> Please Let me know if you need any more information.
>>
>> Regards,
>> Bharath
>> Lead Implementation Analyst | Mifos Initiative
>> Skype: live:cbharath4| Mobile: +91.7019636073
>> http://mifos.org <http://facebook.com/mifos>
>> <http://www.twitter.com/mifos>
>>
>>
>> On Wed, Apr 15, 2020 at 3:32 AM Ed Cable <ed...@mifos.org> wrote:
>>
>>> Hello Vinayak,
>>>
>>> Welcome to the community. I've cc'd my colleague, @Bharath Gowda
>>> <bg...@mifos.org> , who will be able to help you at a more technical
>>> level but have you checked the status of the scheduler jobs: the ones for
>>> the accrual should be running on a daily basis.
>>>
>>> You can view status of the respective jobs and manually execute them
>>> from the Scheduler Jobs section under Admin >> System.
>>>
>>> You can read more here:
>>> https://docs.mifos.org/user-manual/for-administrators-mifos-x-platform/administration/system/manage-scheduler-jobs
>>>
>>> Ed
>>>
>>> On Tue, Apr 14, 2020 at 2:00 PM Vinayak Javaly <vi...@urgent.vc>
>>> wrote:
>>>
>>>> Hello. I just joined this mailing list. Apologies in advance if this
>>>> question has already been answered, but I could not find it in the archives.
>>>>
>>>> First, here's some background: I have setup Fineract and the Mifos X
>>>> client in my development environment. Using the Mifos UI, I have created
>>>> Organizations, Loan Products, and other related entities. Using PyFineract
>>>> / Fineract API, I have created Loans, etc.
>>>>
>>>> My question is:
>>>>
>>>> - What do I need to do or run to get the
>>>> daily/weekly/monthly/periodic accounting to occur? For example, let's
>>>> assume I create a loan with weekly repayments, and after a week has passed
>>>> there are no repayments, what part of the system calculates late fees,
>>>> interest, etc?
>>>>
>>>> Thanks.
>>>>
>>>> VJ
>>>>
>>>
>>>
>>> --
>>> *Ed Cable*
>>> President/CEO, Mifos Initiative
>>> edcable@mifos.org | Skype: edcable | Mobile: +1.484.477.8649
>>>
>>> *Collectively Creating a World of 3 Billion Maries | *http://mifos.org
>>> <http://facebook.com/mifos> <http://www.twitter.com/mifos>
>>>
>>>
Re: Question on Fineract Accounting Engine
Posted by Vinayak Javaly <vi...@urgent.vc>.
Hi Ed and Bharath. Thank you very much for your detailed explanations.
Vinayak
On Wed, Apr 15, 2020 at 2:36 AM Bharath Gowda <bg...@mifos.org> wrote:
> Hello Vinayak,
>
> Prerequisite is to create a loan product with Accrual Accounting Enabled
> from the user end, whereafter Mifos Scheduler jobs will take care of
> Accrual postings.
>
> Following two jobs are responsible for accrual transactions
>
> *1. Add Accrual Transactions*
> - All the interest will be accrued till the 'Due date' of the job run and
> can be viewed under 'Transactions' tab, it is scheduled to run every day.
>
> *2.Add Periodic Accrual Transactions*
> *-*Similar to 'Add Accrual Transactions' except that all the interest
> will be accrued till the current date i.e the Job run date and time.
> This job can be configured to run weekly/ monthly or yearly based on the
> organization needs.
>
>
> In case if you had a late payment fee attached to the loan, same jobs will
> post the fees portion as well along with the interest.
>
> You can go through the following document to understand more on our
> scheduler jobs and its functionality
>
> https://mifosforge.jira.com/wiki/spaces/docs/pages/67895356/Manage+Scheduler+Jobs
>
>
>
> Please Let me know if you need any more information.
>
> Regards,
> Bharath
> Lead Implementation Analyst | Mifos Initiative
> Skype: live:cbharath4| Mobile: +91.7019636073
> http://mifos.org <http://facebook.com/mifos>
> <http://www.twitter.com/mifos>
>
>
> On Wed, Apr 15, 2020 at 3:32 AM Ed Cable <ed...@mifos.org> wrote:
>
>> Hello Vinayak,
>>
>> Welcome to the community. I've cc'd my colleague, @Bharath Gowda
>> <bg...@mifos.org> , who will be able to help you at a more technical
>> level but have you checked the status of the scheduler jobs: the ones for
>> the accrual should be running on a daily basis.
>>
>> You can view status of the respective jobs and manually execute them from
>> the Scheduler Jobs section under Admin >> System.
>>
>> You can read more here:
>> https://docs.mifos.org/user-manual/for-administrators-mifos-x-platform/administration/system/manage-scheduler-jobs
>>
>> Ed
>>
>> On Tue, Apr 14, 2020 at 2:00 PM Vinayak Javaly <vi...@urgent.vc> wrote:
>>
>>> Hello. I just joined this mailing list. Apologies in advance if this
>>> question has already been answered, but I could not find it in the archives.
>>>
>>> First, here's some background: I have setup Fineract and the Mifos X
>>> client in my development environment. Using the Mifos UI, I have created
>>> Organizations, Loan Products, and other related entities. Using PyFineract
>>> / Fineract API, I have created Loans, etc.
>>>
>>> My question is:
>>>
>>> - What do I need to do or run to get the
>>> daily/weekly/monthly/periodic accounting to occur? For example, let's
>>> assume I create a loan with weekly repayments, and after a week has passed
>>> there are no repayments, what part of the system calculates late fees,
>>> interest, etc?
>>>
>>> Thanks.
>>>
>>> VJ
>>>
>>
>>
>> --
>> *Ed Cable*
>> President/CEO, Mifos Initiative
>> edcable@mifos.org | Skype: edcable | Mobile: +1.484.477.8649
>>
>> *Collectively Creating a World of 3 Billion Maries | *http://mifos.org
>> <http://facebook.com/mifos> <http://www.twitter.com/mifos>
>>
>>
Re: Question on Fineract Accounting Engine
Posted by Vinayak Javaly <vi...@urgent.vc>.
Hi Saransh. Sorry, I don't understand your comment. Shouldn't I see an
accrual posting for April 16 too?
Thanks,
Vinayak
On Fri, Apr 17, 2020 at 9:16 AM Saransh Sharma <sa...@muellners.com>
wrote:
> In the screen shot you see accrual that is posted by system and is a part
> of the entry.
>
> On Fri, 17 Apr 2020, 17:59 Vinayak Javaly, <vi...@urgent.vc> wrote:
>
>> Hi Bharath. I'm still learning how to use Fineract, so apologies in
>> advance for my newbie questions.
>>
>> I've created a chart of accounts, loan products with cash accounting.
>> The *Add Accrual Transactions* and *Add Periodic Accrual Transactions* scheduler
>> jobs are enabled and are running (their View History shows Success for
>> every day). In order to see the periodic accounting transactions posted,
>> I've created a few loans with daily repayments. But I don't think I've set
>> everything up correctly. I've attached the appropriate screenshots below.
>>
>>
>> [image: Screen Shot 2020-04-17 at 8.22.40 AM.png]
>>
>> [image: Screen Shot 2020-04-17 at 8.23.53 AM.png]
>> Where should I be able to see a missed payment? and the late fee applied?
>>
>> Please advise.
>>
>> Thanks,
>> Vinayak
>>
>>
>> On Wed, Apr 15, 2020 at 2:36 AM Bharath Gowda <bg...@mifos.org> wrote:
>>
>>> Hello Vinayak,
>>>
>>> Prerequisite is to create a loan product with Accrual Accounting Enabled
>>> from the user end, whereafter Mifos Scheduler jobs will take care of
>>> Accrual postings.
>>>
>>> Following two jobs are responsible for accrual transactions
>>>
>>> *1. Add Accrual Transactions*
>>> - All the interest will be accrued till the 'Due date' of the job run
>>> and can be viewed under 'Transactions' tab, it is scheduled to run every
>>> day.
>>>
>>> *2.Add Periodic Accrual Transactions*
>>> *-*Similar to 'Add Accrual Transactions' except that all the interest
>>> will be accrued till the current date i.e the Job run date and time.
>>> This job can be configured to run weekly/ monthly or yearly based on the
>>> organization needs.
>>>
>>>
>>> In case if you had a late payment fee attached to the loan, same jobs
>>> will post the fees portion as well along with the interest.
>>>
>>> You can go through the following document to understand more on our
>>> scheduler jobs and its functionality
>>>
>>> https://mifosforge.jira.com/wiki/spaces/docs/pages/67895356/Manage+Scheduler+Jobs
>>>
>>>
>>>
>>> Please Let me know if you need any more information.
>>>
>>> Regards,
>>> Bharath
>>> Lead Implementation Analyst | Mifos Initiative
>>> Skype: live:cbharath4| Mobile: +91.7019636073
>>> http://mifos.org <http://facebook.com/mifos>
>>> <http://www.twitter.com/mifos>
>>>
>>>
>>> On Wed, Apr 15, 2020 at 3:32 AM Ed Cable <ed...@mifos.org> wrote:
>>>
>>>> Hello Vinayak,
>>>>
>>>> Welcome to the community. I've cc'd my colleague, @Bharath Gowda
>>>> <bg...@mifos.org> , who will be able to help you at a more technical
>>>> level but have you checked the status of the scheduler jobs: the ones for
>>>> the accrual should be running on a daily basis.
>>>>
>>>> You can view status of the respective jobs and manually execute them
>>>> from the Scheduler Jobs section under Admin >> System.
>>>>
>>>> You can read more here:
>>>> https://docs.mifos.org/user-manual/for-administrators-mifos-x-platform/administration/system/manage-scheduler-jobs
>>>>
>>>> Ed
>>>>
>>>> On Tue, Apr 14, 2020 at 2:00 PM Vinayak Javaly <vi...@urgent.vc>
>>>> wrote:
>>>>
>>>>> Hello. I just joined this mailing list. Apologies in advance if this
>>>>> question has already been answered, but I could not find it in the archives.
>>>>>
>>>>> First, here's some background: I have setup Fineract and the Mifos X
>>>>> client in my development environment. Using the Mifos UI, I have created
>>>>> Organizations, Loan Products, and other related entities. Using PyFineract
>>>>> / Fineract API, I have created Loans, etc.
>>>>>
>>>>> My question is:
>>>>>
>>>>> - What do I need to do or run to get the
>>>>> daily/weekly/monthly/periodic accounting to occur? For example, let's
>>>>> assume I create a loan with weekly repayments, and after a week has passed
>>>>> there are no repayments, what part of the system calculates late fees,
>>>>> interest, etc?
>>>>>
>>>>> Thanks.
>>>>>
>>>>> VJ
>>>>>
>>>>
>>>>
>>>> --
>>>> *Ed Cable*
>>>> President/CEO, Mifos Initiative
>>>> edcable@mifos.org | Skype: edcable | Mobile: +1.484.477.8649
>>>>
>>>> *Collectively Creating a World of 3 Billion Maries | *http://mifos.org
>>>> <http://facebook.com/mifos> <http://www.twitter.com/mifos>
>>>>
>>>>
Re: Question on Fineract Accounting Engine
Posted by Vinayak Javaly <vi...@urgent.vc>.
Hi Saransh. Please share a working sample of a loan product with periodic
accruals working. Thanks in advance.
Vinayak
On Fri, Apr 17, 2020 at 9:59 AM Vinayak Javaly <vi...@urgent.vc> wrote:
> Yes, please.
>
> On Fri, Apr 17, 2020 at 9:51 AM Saransh Sharma <sa...@muellners.com>
> wrote:
>
>> You want I can show you a working sample?
>>
>> On Fri, 17 Apr 2020, 19:02 Vinayak Javaly, <vi...@urgent.vc> wrote:
>>
>>> Thanks, I'll try that.
>>>
>>> On Fri, Apr 17, 2020 at 9:17 AM Saransh Sharma <sa...@muellners.com>
>>> wrote:
>>>
>>>> To be able to see the missed payment and late fee applied make a loan
>>>> with previous dates and you can run the scheduler for them and you can see
>>>> those, the charges needs to be defined.
>>>>
>>>> On Fri, 17 Apr 2020, 18:47 Saransh Sharma, <sa...@muellners.com>
>>>> wrote:
>>>>
>>>>> In the screen shot you see accrual that is posted by system and is a
>>>>> part of the entry.
>>>>>
>>>>> On Fri, 17 Apr 2020, 17:59 Vinayak Javaly, <vi...@urgent.vc> wrote:
>>>>>
>>>>>> Hi Bharath. I'm still learning how to use Fineract, so apologies in
>>>>>> advance for my newbie questions.
>>>>>>
>>>>>> I've created a chart of accounts, loan products with cash
>>>>>> accounting. The *Add Accrual Transactions* and *Add Periodic
>>>>>> Accrual Transactions* scheduler jobs are enabled and are running
>>>>>> (their View History shows Success for every day). In order to see the
>>>>>> periodic accounting transactions posted, I've created a few loans with
>>>>>> daily repayments. But I don't think I've set everything up correctly.
>>>>>> I've attached the appropriate screenshots below.
>>>>>>
>>>>>>
>>>>>> [image: Screen Shot 2020-04-17 at 8.22.40 AM.png]
>>>>>>
>>>>>> [image: Screen Shot 2020-04-17 at 8.23.53 AM.png]
>>>>>> Where should I be able to see a missed payment? and the late fee
>>>>>> applied?
>>>>>>
>>>>>> Please advise.
>>>>>>
>>>>>> Thanks,
>>>>>> Vinayak
>>>>>>
>>>>>>
>>>>>> On Wed, Apr 15, 2020 at 2:36 AM Bharath Gowda <bg...@mifos.org>
>>>>>> wrote:
>>>>>>
>>>>>>> Hello Vinayak,
>>>>>>>
>>>>>>> Prerequisite is to create a loan product with Accrual Accounting
>>>>>>> Enabled from the user end, whereafter Mifos Scheduler jobs will take care
>>>>>>> of Accrual postings.
>>>>>>>
>>>>>>> Following two jobs are responsible for accrual transactions
>>>>>>>
>>>>>>> *1. Add Accrual Transactions*
>>>>>>> - All the interest will be accrued till the 'Due date' of the job
>>>>>>> run and can be viewed under 'Transactions' tab, it is scheduled to run
>>>>>>> every day.
>>>>>>>
>>>>>>> *2.Add Periodic Accrual Transactions*
>>>>>>> *-*Similar to 'Add Accrual Transactions' except that all the
>>>>>>> interest will be accrued till the current date i.e the Job run date and
>>>>>>> time.
>>>>>>> This job can be configured to run weekly/ monthly or yearly based on
>>>>>>> the organization needs.
>>>>>>>
>>>>>>>
>>>>>>> In case if you had a late payment fee attached to the loan, same
>>>>>>> jobs will post the fees portion as well along with the interest.
>>>>>>>
>>>>>>> You can go through the following document to understand more on our
>>>>>>> scheduler jobs and its functionality
>>>>>>>
>>>>>>> https://mifosforge.jira.com/wiki/spaces/docs/pages/67895356/Manage+Scheduler+Jobs
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>> Please Let me know if you need any more information.
>>>>>>>
>>>>>>> Regards,
>>>>>>> Bharath
>>>>>>> Lead Implementation Analyst | Mifos Initiative
>>>>>>> Skype: live:cbharath4| Mobile: +91.7019636073
>>>>>>> http://mifos.org <http://facebook.com/mifos>
>>>>>>> <http://www.twitter.com/mifos>
>>>>>>>
>>>>>>>
>>>>>>> On Wed, Apr 15, 2020 at 3:32 AM Ed Cable <ed...@mifos.org> wrote:
>>>>>>>
>>>>>>>> Hello Vinayak,
>>>>>>>>
>>>>>>>> Welcome to the community. I've cc'd my colleague, @Bharath Gowda
>>>>>>>> <bg...@mifos.org> , who will be able to help you at a more
>>>>>>>> technical level but have you checked the status of the scheduler jobs: the
>>>>>>>> ones for the accrual should be running on a daily basis.
>>>>>>>>
>>>>>>>> You can view status of the respective jobs and manually execute
>>>>>>>> them from the Scheduler Jobs section under Admin >> System.
>>>>>>>>
>>>>>>>> You can read more here:
>>>>>>>> https://docs.mifos.org/user-manual/for-administrators-mifos-x-platform/administration/system/manage-scheduler-jobs
>>>>>>>>
>>>>>>>> Ed
>>>>>>>>
>>>>>>>> On Tue, Apr 14, 2020 at 2:00 PM Vinayak Javaly <vi...@urgent.vc>
>>>>>>>> wrote:
>>>>>>>>
>>>>>>>>> Hello. I just joined this mailing list. Apologies in advance if
>>>>>>>>> this question has already been answered, but I could not find it in the
>>>>>>>>> archives.
>>>>>>>>>
>>>>>>>>> First, here's some background: I have setup Fineract and the
>>>>>>>>> Mifos X client in my development environment. Using the Mifos UI, I have
>>>>>>>>> created Organizations, Loan Products, and other related entities. Using
>>>>>>>>> PyFineract / Fineract API, I have created Loans, etc.
>>>>>>>>>
>>>>>>>>> My question is:
>>>>>>>>>
>>>>>>>>> - What do I need to do or run to get the
>>>>>>>>> daily/weekly/monthly/periodic accounting to occur? For example, let's
>>>>>>>>> assume I create a loan with weekly repayments, and after a week has passed
>>>>>>>>> there are no repayments, what part of the system calculates late fees,
>>>>>>>>> interest, etc?
>>>>>>>>>
>>>>>>>>> Thanks.
>>>>>>>>>
>>>>>>>>> VJ
>>>>>>>>>
>>>>>>>>
>>>>>>>>
>>>>>>>> --
>>>>>>>> *Ed Cable*
>>>>>>>> President/CEO, Mifos Initiative
>>>>>>>> edcable@mifos.org | Skype: edcable | Mobile: +1.484.477.8649
>>>>>>>>
>>>>>>>> *Collectively Creating a World of 3 Billion Maries | *
>>>>>>>> http://mifos.org <http://facebook.com/mifos>
>>>>>>>> <http://www.twitter.com/mifos>
>>>>>>>>
>>>>>>>>
Re: Question on Fineract Accounting Engine
Posted by Vinayak Javaly <vi...@urgent.vc>.
Yes, please.
On Fri, Apr 17, 2020 at 9:51 AM Saransh Sharma <sa...@muellners.com>
wrote:
> You want I can show you a working sample?
>
> On Fri, 17 Apr 2020, 19:02 Vinayak Javaly, <vi...@urgent.vc> wrote:
>
>> Thanks, I'll try that.
>>
>> On Fri, Apr 17, 2020 at 9:17 AM Saransh Sharma <sa...@muellners.com>
>> wrote:
>>
>>> To be able to see the missed payment and late fee applied make a loan
>>> with previous dates and you can run the scheduler for them and you can see
>>> those, the charges needs to be defined.
>>>
>>> On Fri, 17 Apr 2020, 18:47 Saransh Sharma, <sa...@muellners.com>
>>> wrote:
>>>
>>>> In the screen shot you see accrual that is posted by system and is a
>>>> part of the entry.
>>>>
>>>> On Fri, 17 Apr 2020, 17:59 Vinayak Javaly, <vi...@urgent.vc> wrote:
>>>>
>>>>> Hi Bharath. I'm still learning how to use Fineract, so apologies in
>>>>> advance for my newbie questions.
>>>>>
>>>>> I've created a chart of accounts, loan products with cash accounting.
>>>>> The *Add Accrual Transactions* and *Add Periodic Accrual Transactions* scheduler
>>>>> jobs are enabled and are running (their View History shows Success for
>>>>> every day). In order to see the periodic accounting transactions posted,
>>>>> I've created a few loans with daily repayments. But I don't think I've set
>>>>> everything up correctly. I've attached the appropriate screenshots below.
>>>>>
>>>>>
>>>>> [image: Screen Shot 2020-04-17 at 8.22.40 AM.png]
>>>>>
>>>>> [image: Screen Shot 2020-04-17 at 8.23.53 AM.png]
>>>>> Where should I be able to see a missed payment? and the late fee
>>>>> applied?
>>>>>
>>>>> Please advise.
>>>>>
>>>>> Thanks,
>>>>> Vinayak
>>>>>
>>>>>
>>>>> On Wed, Apr 15, 2020 at 2:36 AM Bharath Gowda <bg...@mifos.org>
>>>>> wrote:
>>>>>
>>>>>> Hello Vinayak,
>>>>>>
>>>>>> Prerequisite is to create a loan product with Accrual Accounting
>>>>>> Enabled from the user end, whereafter Mifos Scheduler jobs will take care
>>>>>> of Accrual postings.
>>>>>>
>>>>>> Following two jobs are responsible for accrual transactions
>>>>>>
>>>>>> *1. Add Accrual Transactions*
>>>>>> - All the interest will be accrued till the 'Due date' of the job
>>>>>> run and can be viewed under 'Transactions' tab, it is scheduled to run
>>>>>> every day.
>>>>>>
>>>>>> *2.Add Periodic Accrual Transactions*
>>>>>> *-*Similar to 'Add Accrual Transactions' except that all the
>>>>>> interest will be accrued till the current date i.e the Job run date and
>>>>>> time.
>>>>>> This job can be configured to run weekly/ monthly or yearly based on
>>>>>> the organization needs.
>>>>>>
>>>>>>
>>>>>> In case if you had a late payment fee attached to the loan, same jobs
>>>>>> will post the fees portion as well along with the interest.
>>>>>>
>>>>>> You can go through the following document to understand more on our
>>>>>> scheduler jobs and its functionality
>>>>>>
>>>>>> https://mifosforge.jira.com/wiki/spaces/docs/pages/67895356/Manage+Scheduler+Jobs
>>>>>>
>>>>>>
>>>>>>
>>>>>> Please Let me know if you need any more information.
>>>>>>
>>>>>> Regards,
>>>>>> Bharath
>>>>>> Lead Implementation Analyst | Mifos Initiative
>>>>>> Skype: live:cbharath4| Mobile: +91.7019636073
>>>>>> http://mifos.org <http://facebook.com/mifos>
>>>>>> <http://www.twitter.com/mifos>
>>>>>>
>>>>>>
>>>>>> On Wed, Apr 15, 2020 at 3:32 AM Ed Cable <ed...@mifos.org> wrote:
>>>>>>
>>>>>>> Hello Vinayak,
>>>>>>>
>>>>>>> Welcome to the community. I've cc'd my colleague, @Bharath Gowda
>>>>>>> <bg...@mifos.org> , who will be able to help you at a more
>>>>>>> technical level but have you checked the status of the scheduler jobs: the
>>>>>>> ones for the accrual should be running on a daily basis.
>>>>>>>
>>>>>>> You can view status of the respective jobs and manually execute them
>>>>>>> from the Scheduler Jobs section under Admin >> System.
>>>>>>>
>>>>>>> You can read more here:
>>>>>>> https://docs.mifos.org/user-manual/for-administrators-mifos-x-platform/administration/system/manage-scheduler-jobs
>>>>>>>
>>>>>>> Ed
>>>>>>>
>>>>>>> On Tue, Apr 14, 2020 at 2:00 PM Vinayak Javaly <vi...@urgent.vc>
>>>>>>> wrote:
>>>>>>>
>>>>>>>> Hello. I just joined this mailing list. Apologies in advance if
>>>>>>>> this question has already been answered, but I could not find it in the
>>>>>>>> archives.
>>>>>>>>
>>>>>>>> First, here's some background: I have setup Fineract and the Mifos
>>>>>>>> X client in my development environment. Using the Mifos UI, I have created
>>>>>>>> Organizations, Loan Products, and other related entities. Using PyFineract
>>>>>>>> / Fineract API, I have created Loans, etc.
>>>>>>>>
>>>>>>>> My question is:
>>>>>>>>
>>>>>>>> - What do I need to do or run to get the
>>>>>>>> daily/weekly/monthly/periodic accounting to occur? For example, let's
>>>>>>>> assume I create a loan with weekly repayments, and after a week has passed
>>>>>>>> there are no repayments, what part of the system calculates late fees,
>>>>>>>> interest, etc?
>>>>>>>>
>>>>>>>> Thanks.
>>>>>>>>
>>>>>>>> VJ
>>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>> --
>>>>>>> *Ed Cable*
>>>>>>> President/CEO, Mifos Initiative
>>>>>>> edcable@mifos.org | Skype: edcable | Mobile: +1.484.477.8649
>>>>>>>
>>>>>>> *Collectively Creating a World of 3 Billion Maries | *
>>>>>>> http://mifos.org <http://facebook.com/mifos>
>>>>>>> <http://www.twitter.com/mifos>
>>>>>>>
>>>>>>>
Re: Question on Fineract Accounting Engine
Posted by Saransh Sharma <sa...@muellners.com>.
You want I can show you a working sample?
On Fri, 17 Apr 2020, 19:02 Vinayak Javaly, <vi...@urgent.vc> wrote:
> Thanks, I'll try that.
>
> On Fri, Apr 17, 2020 at 9:17 AM Saransh Sharma <sa...@muellners.com>
> wrote:
>
>> To be able to see the missed payment and late fee applied make a loan
>> with previous dates and you can run the scheduler for them and you can see
>> those, the charges needs to be defined.
>>
>> On Fri, 17 Apr 2020, 18:47 Saransh Sharma, <sa...@muellners.com> wrote:
>>
>>> In the screen shot you see accrual that is posted by system and is a
>>> part of the entry.
>>>
>>> On Fri, 17 Apr 2020, 17:59 Vinayak Javaly, <vi...@urgent.vc> wrote:
>>>
>>>> Hi Bharath. I'm still learning how to use Fineract, so apologies in
>>>> advance for my newbie questions.
>>>>
>>>> I've created a chart of accounts, loan products with cash accounting.
>>>> The *Add Accrual Transactions* and *Add Periodic Accrual Transactions* scheduler
>>>> jobs are enabled and are running (their View History shows Success for
>>>> every day). In order to see the periodic accounting transactions posted,
>>>> I've created a few loans with daily repayments. But I don't think I've set
>>>> everything up correctly. I've attached the appropriate screenshots below.
>>>>
>>>>
>>>> [image: Screen Shot 2020-04-17 at 8.22.40 AM.png]
>>>>
>>>> [image: Screen Shot 2020-04-17 at 8.23.53 AM.png]
>>>> Where should I be able to see a missed payment? and the late fee
>>>> applied?
>>>>
>>>> Please advise.
>>>>
>>>> Thanks,
>>>> Vinayak
>>>>
>>>>
>>>> On Wed, Apr 15, 2020 at 2:36 AM Bharath Gowda <bg...@mifos.org> wrote:
>>>>
>>>>> Hello Vinayak,
>>>>>
>>>>> Prerequisite is to create a loan product with Accrual Accounting
>>>>> Enabled from the user end, whereafter Mifos Scheduler jobs will take care
>>>>> of Accrual postings.
>>>>>
>>>>> Following two jobs are responsible for accrual transactions
>>>>>
>>>>> *1. Add Accrual Transactions*
>>>>> - All the interest will be accrued till the 'Due date' of the job run
>>>>> and can be viewed under 'Transactions' tab, it is scheduled to run every
>>>>> day.
>>>>>
>>>>> *2.Add Periodic Accrual Transactions*
>>>>> *-*Similar to 'Add Accrual Transactions' except that all the interest
>>>>> will be accrued till the current date i.e the Job run date and time.
>>>>> This job can be configured to run weekly/ monthly or yearly based on
>>>>> the organization needs.
>>>>>
>>>>>
>>>>> In case if you had a late payment fee attached to the loan, same jobs
>>>>> will post the fees portion as well along with the interest.
>>>>>
>>>>> You can go through the following document to understand more on our
>>>>> scheduler jobs and its functionality
>>>>>
>>>>> https://mifosforge.jira.com/wiki/spaces/docs/pages/67895356/Manage+Scheduler+Jobs
>>>>>
>>>>>
>>>>>
>>>>> Please Let me know if you need any more information.
>>>>>
>>>>> Regards,
>>>>> Bharath
>>>>> Lead Implementation Analyst | Mifos Initiative
>>>>> Skype: live:cbharath4| Mobile: +91.7019636073
>>>>> http://mifos.org <http://facebook.com/mifos>
>>>>> <http://www.twitter.com/mifos>
>>>>>
>>>>>
>>>>> On Wed, Apr 15, 2020 at 3:32 AM Ed Cable <ed...@mifos.org> wrote:
>>>>>
>>>>>> Hello Vinayak,
>>>>>>
>>>>>> Welcome to the community. I've cc'd my colleague, @Bharath Gowda
>>>>>> <bg...@mifos.org> , who will be able to help you at a more
>>>>>> technical level but have you checked the status of the scheduler jobs: the
>>>>>> ones for the accrual should be running on a daily basis.
>>>>>>
>>>>>> You can view status of the respective jobs and manually execute them
>>>>>> from the Scheduler Jobs section under Admin >> System.
>>>>>>
>>>>>> You can read more here:
>>>>>> https://docs.mifos.org/user-manual/for-administrators-mifos-x-platform/administration/system/manage-scheduler-jobs
>>>>>>
>>>>>> Ed
>>>>>>
>>>>>> On Tue, Apr 14, 2020 at 2:00 PM Vinayak Javaly <vi...@urgent.vc>
>>>>>> wrote:
>>>>>>
>>>>>>> Hello. I just joined this mailing list. Apologies in advance if
>>>>>>> this question has already been answered, but I could not find it in the
>>>>>>> archives.
>>>>>>>
>>>>>>> First, here's some background: I have setup Fineract and the Mifos
>>>>>>> X client in my development environment. Using the Mifos UI, I have created
>>>>>>> Organizations, Loan Products, and other related entities. Using PyFineract
>>>>>>> / Fineract API, I have created Loans, etc.
>>>>>>>
>>>>>>> My question is:
>>>>>>>
>>>>>>> - What do I need to do or run to get the
>>>>>>> daily/weekly/monthly/periodic accounting to occur? For example, let's
>>>>>>> assume I create a loan with weekly repayments, and after a week has passed
>>>>>>> there are no repayments, what part of the system calculates late fees,
>>>>>>> interest, etc?
>>>>>>>
>>>>>>> Thanks.
>>>>>>>
>>>>>>> VJ
>>>>>>>
>>>>>>
>>>>>>
>>>>>> --
>>>>>> *Ed Cable*
>>>>>> President/CEO, Mifos Initiative
>>>>>> edcable@mifos.org | Skype: edcable | Mobile: +1.484.477.8649
>>>>>>
>>>>>> *Collectively Creating a World of 3 Billion Maries | *
>>>>>> http://mifos.org <http://facebook.com/mifos>
>>>>>> <http://www.twitter.com/mifos>
>>>>>>
>>>>>>
Re: Question on Fineract Accounting Engine
Posted by Vinayak Javaly <vi...@urgent.vc>.
Thanks, I'll try that.
On Fri, Apr 17, 2020 at 9:17 AM Saransh Sharma <sa...@muellners.com>
wrote:
> To be able to see the missed payment and late fee applied make a loan with
> previous dates and you can run the scheduler for them and you can see
> those, the charges needs to be defined.
>
> On Fri, 17 Apr 2020, 18:47 Saransh Sharma, <sa...@muellners.com> wrote:
>
>> In the screen shot you see accrual that is posted by system and is a part
>> of the entry.
>>
>> On Fri, 17 Apr 2020, 17:59 Vinayak Javaly, <vi...@urgent.vc> wrote:
>>
>>> Hi Bharath. I'm still learning how to use Fineract, so apologies in
>>> advance for my newbie questions.
>>>
>>> I've created a chart of accounts, loan products with cash accounting.
>>> The *Add Accrual Transactions* and *Add Periodic Accrual Transactions* scheduler
>>> jobs are enabled and are running (their View History shows Success for
>>> every day). In order to see the periodic accounting transactions posted,
>>> I've created a few loans with daily repayments. But I don't think I've set
>>> everything up correctly. I've attached the appropriate screenshots below.
>>>
>>>
>>> [image: Screen Shot 2020-04-17 at 8.22.40 AM.png]
>>>
>>> [image: Screen Shot 2020-04-17 at 8.23.53 AM.png]
>>> Where should I be able to see a missed payment? and the late fee
>>> applied?
>>>
>>> Please advise.
>>>
>>> Thanks,
>>> Vinayak
>>>
>>>
>>> On Wed, Apr 15, 2020 at 2:36 AM Bharath Gowda <bg...@mifos.org> wrote:
>>>
>>>> Hello Vinayak,
>>>>
>>>> Prerequisite is to create a loan product with Accrual Accounting
>>>> Enabled from the user end, whereafter Mifos Scheduler jobs will take care
>>>> of Accrual postings.
>>>>
>>>> Following two jobs are responsible for accrual transactions
>>>>
>>>> *1. Add Accrual Transactions*
>>>> - All the interest will be accrued till the 'Due date' of the job run
>>>> and can be viewed under 'Transactions' tab, it is scheduled to run every
>>>> day.
>>>>
>>>> *2.Add Periodic Accrual Transactions*
>>>> *-*Similar to 'Add Accrual Transactions' except that all the interest
>>>> will be accrued till the current date i.e the Job run date and time.
>>>> This job can be configured to run weekly/ monthly or yearly based on
>>>> the organization needs.
>>>>
>>>>
>>>> In case if you had a late payment fee attached to the loan, same jobs
>>>> will post the fees portion as well along with the interest.
>>>>
>>>> You can go through the following document to understand more on our
>>>> scheduler jobs and its functionality
>>>>
>>>> https://mifosforge.jira.com/wiki/spaces/docs/pages/67895356/Manage+Scheduler+Jobs
>>>>
>>>>
>>>>
>>>> Please Let me know if you need any more information.
>>>>
>>>> Regards,
>>>> Bharath
>>>> Lead Implementation Analyst | Mifos Initiative
>>>> Skype: live:cbharath4| Mobile: +91.7019636073
>>>> http://mifos.org <http://facebook.com/mifos>
>>>> <http://www.twitter.com/mifos>
>>>>
>>>>
>>>> On Wed, Apr 15, 2020 at 3:32 AM Ed Cable <ed...@mifos.org> wrote:
>>>>
>>>>> Hello Vinayak,
>>>>>
>>>>> Welcome to the community. I've cc'd my colleague, @Bharath Gowda
>>>>> <bg...@mifos.org> , who will be able to help you at a more technical
>>>>> level but have you checked the status of the scheduler jobs: the ones for
>>>>> the accrual should be running on a daily basis.
>>>>>
>>>>> You can view status of the respective jobs and manually execute them
>>>>> from the Scheduler Jobs section under Admin >> System.
>>>>>
>>>>> You can read more here:
>>>>> https://docs.mifos.org/user-manual/for-administrators-mifos-x-platform/administration/system/manage-scheduler-jobs
>>>>>
>>>>> Ed
>>>>>
>>>>> On Tue, Apr 14, 2020 at 2:00 PM Vinayak Javaly <vi...@urgent.vc>
>>>>> wrote:
>>>>>
>>>>>> Hello. I just joined this mailing list. Apologies in advance if
>>>>>> this question has already been answered, but I could not find it in the
>>>>>> archives.
>>>>>>
>>>>>> First, here's some background: I have setup Fineract and the Mifos X
>>>>>> client in my development environment. Using the Mifos UI, I have created
>>>>>> Organizations, Loan Products, and other related entities. Using PyFineract
>>>>>> / Fineract API, I have created Loans, etc.
>>>>>>
>>>>>> My question is:
>>>>>>
>>>>>> - What do I need to do or run to get the
>>>>>> daily/weekly/monthly/periodic accounting to occur? For example, let's
>>>>>> assume I create a loan with weekly repayments, and after a week has passed
>>>>>> there are no repayments, what part of the system calculates late fees,
>>>>>> interest, etc?
>>>>>>
>>>>>> Thanks.
>>>>>>
>>>>>> VJ
>>>>>>
>>>>>
>>>>>
>>>>> --
>>>>> *Ed Cable*
>>>>> President/CEO, Mifos Initiative
>>>>> edcable@mifos.org | Skype: edcable | Mobile: +1.484.477.8649
>>>>>
>>>>> *Collectively Creating a World of 3 Billion Maries | *http://mifos.org
>>>>> <http://facebook.com/mifos> <http://www.twitter.com/mifos>
>>>>>
>>>>>
Re: Question on Fineract Accounting Engine
Posted by Saransh Sharma <sa...@muellners.com>.
To be able to see the missed payment and late fee applied make a loan with
previous dates and you can run the scheduler for them and you can see
those, the charges needs to be defined.
On Fri, 17 Apr 2020, 18:47 Saransh Sharma, <sa...@muellners.com> wrote:
> In the screen shot you see accrual that is posted by system and is a part
> of the entry.
>
> On Fri, 17 Apr 2020, 17:59 Vinayak Javaly, <vi...@urgent.vc> wrote:
>
>> Hi Bharath. I'm still learning how to use Fineract, so apologies in
>> advance for my newbie questions.
>>
>> I've created a chart of accounts, loan products with cash accounting.
>> The *Add Accrual Transactions* and *Add Periodic Accrual Transactions* scheduler
>> jobs are enabled and are running (their View History shows Success for
>> every day). In order to see the periodic accounting transactions posted,
>> I've created a few loans with daily repayments. But I don't think I've set
>> everything up correctly. I've attached the appropriate screenshots below.
>>
>>
>> [image: Screen Shot 2020-04-17 at 8.22.40 AM.png]
>>
>> [image: Screen Shot 2020-04-17 at 8.23.53 AM.png]
>> Where should I be able to see a missed payment? and the late fee applied?
>>
>> Please advise.
>>
>> Thanks,
>> Vinayak
>>
>>
>> On Wed, Apr 15, 2020 at 2:36 AM Bharath Gowda <bg...@mifos.org> wrote:
>>
>>> Hello Vinayak,
>>>
>>> Prerequisite is to create a loan product with Accrual Accounting Enabled
>>> from the user end, whereafter Mifos Scheduler jobs will take care of
>>> Accrual postings.
>>>
>>> Following two jobs are responsible for accrual transactions
>>>
>>> *1. Add Accrual Transactions*
>>> - All the interest will be accrued till the 'Due date' of the job run
>>> and can be viewed under 'Transactions' tab, it is scheduled to run every
>>> day.
>>>
>>> *2.Add Periodic Accrual Transactions*
>>> *-*Similar to 'Add Accrual Transactions' except that all the interest
>>> will be accrued till the current date i.e the Job run date and time.
>>> This job can be configured to run weekly/ monthly or yearly based on the
>>> organization needs.
>>>
>>>
>>> In case if you had a late payment fee attached to the loan, same jobs
>>> will post the fees portion as well along with the interest.
>>>
>>> You can go through the following document to understand more on our
>>> scheduler jobs and its functionality
>>>
>>> https://mifosforge.jira.com/wiki/spaces/docs/pages/67895356/Manage+Scheduler+Jobs
>>>
>>>
>>>
>>> Please Let me know if you need any more information.
>>>
>>> Regards,
>>> Bharath
>>> Lead Implementation Analyst | Mifos Initiative
>>> Skype: live:cbharath4| Mobile: +91.7019636073
>>> http://mifos.org <http://facebook.com/mifos>
>>> <http://www.twitter.com/mifos>
>>>
>>>
>>> On Wed, Apr 15, 2020 at 3:32 AM Ed Cable <ed...@mifos.org> wrote:
>>>
>>>> Hello Vinayak,
>>>>
>>>> Welcome to the community. I've cc'd my colleague, @Bharath Gowda
>>>> <bg...@mifos.org> , who will be able to help you at a more technical
>>>> level but have you checked the status of the scheduler jobs: the ones for
>>>> the accrual should be running on a daily basis.
>>>>
>>>> You can view status of the respective jobs and manually execute them
>>>> from the Scheduler Jobs section under Admin >> System.
>>>>
>>>> You can read more here:
>>>> https://docs.mifos.org/user-manual/for-administrators-mifos-x-platform/administration/system/manage-scheduler-jobs
>>>>
>>>> Ed
>>>>
>>>> On Tue, Apr 14, 2020 at 2:00 PM Vinayak Javaly <vi...@urgent.vc>
>>>> wrote:
>>>>
>>>>> Hello. I just joined this mailing list. Apologies in advance if this
>>>>> question has already been answered, but I could not find it in the archives.
>>>>>
>>>>> First, here's some background: I have setup Fineract and the Mifos X
>>>>> client in my development environment. Using the Mifos UI, I have created
>>>>> Organizations, Loan Products, and other related entities. Using PyFineract
>>>>> / Fineract API, I have created Loans, etc.
>>>>>
>>>>> My question is:
>>>>>
>>>>> - What do I need to do or run to get the
>>>>> daily/weekly/monthly/periodic accounting to occur? For example, let's
>>>>> assume I create a loan with weekly repayments, and after a week has passed
>>>>> there are no repayments, what part of the system calculates late fees,
>>>>> interest, etc?
>>>>>
>>>>> Thanks.
>>>>>
>>>>> VJ
>>>>>
>>>>
>>>>
>>>> --
>>>> *Ed Cable*
>>>> President/CEO, Mifos Initiative
>>>> edcable@mifos.org | Skype: edcable | Mobile: +1.484.477.8649
>>>>
>>>> *Collectively Creating a World of 3 Billion Maries | *http://mifos.org
>>>> <http://facebook.com/mifos> <http://www.twitter.com/mifos>
>>>>
>>>>
Re: Question on Fineract Accounting Engine
Posted by Saransh Sharma <sa...@muellners.com>.
In the screen shot you see accrual that is posted by system and is a part
of the entry.
On Fri, 17 Apr 2020, 17:59 Vinayak Javaly, <vi...@urgent.vc> wrote:
> Hi Bharath. I'm still learning how to use Fineract, so apologies in
> advance for my newbie questions.
>
> I've created a chart of accounts, loan products with cash accounting. The *Add
> Accrual Transactions* and *Add Periodic Accrual Transactions* scheduler
> jobs are enabled and are running (their View History shows Success for
> every day). In order to see the periodic accounting transactions posted,
> I've created a few loans with daily repayments. But I don't think I've set
> everything up correctly. I've attached the appropriate screenshots below.
>
>
> [image: Screen Shot 2020-04-17 at 8.22.40 AM.png]
>
> [image: Screen Shot 2020-04-17 at 8.23.53 AM.png]
> Where should I be able to see a missed payment? and the late fee applied?
>
> Please advise.
>
> Thanks,
> Vinayak
>
>
> On Wed, Apr 15, 2020 at 2:36 AM Bharath Gowda <bg...@mifos.org> wrote:
>
>> Hello Vinayak,
>>
>> Prerequisite is to create a loan product with Accrual Accounting Enabled
>> from the user end, whereafter Mifos Scheduler jobs will take care of
>> Accrual postings.
>>
>> Following two jobs are responsible for accrual transactions
>>
>> *1. Add Accrual Transactions*
>> - All the interest will be accrued till the 'Due date' of the job run
>> and can be viewed under 'Transactions' tab, it is scheduled to run every
>> day.
>>
>> *2.Add Periodic Accrual Transactions*
>> *-*Similar to 'Add Accrual Transactions' except that all the interest
>> will be accrued till the current date i.e the Job run date and time.
>> This job can be configured to run weekly/ monthly or yearly based on the
>> organization needs.
>>
>>
>> In case if you had a late payment fee attached to the loan, same jobs
>> will post the fees portion as well along with the interest.
>>
>> You can go through the following document to understand more on our
>> scheduler jobs and its functionality
>>
>> https://mifosforge.jira.com/wiki/spaces/docs/pages/67895356/Manage+Scheduler+Jobs
>>
>>
>>
>> Please Let me know if you need any more information.
>>
>> Regards,
>> Bharath
>> Lead Implementation Analyst | Mifos Initiative
>> Skype: live:cbharath4| Mobile: +91.7019636073
>> http://mifos.org <http://facebook.com/mifos>
>> <http://www.twitter.com/mifos>
>>
>>
>> On Wed, Apr 15, 2020 at 3:32 AM Ed Cable <ed...@mifos.org> wrote:
>>
>>> Hello Vinayak,
>>>
>>> Welcome to the community. I've cc'd my colleague, @Bharath Gowda
>>> <bg...@mifos.org> , who will be able to help you at a more technical
>>> level but have you checked the status of the scheduler jobs: the ones for
>>> the accrual should be running on a daily basis.
>>>
>>> You can view status of the respective jobs and manually execute them
>>> from the Scheduler Jobs section under Admin >> System.
>>>
>>> You can read more here:
>>> https://docs.mifos.org/user-manual/for-administrators-mifos-x-platform/administration/system/manage-scheduler-jobs
>>>
>>> Ed
>>>
>>> On Tue, Apr 14, 2020 at 2:00 PM Vinayak Javaly <vi...@urgent.vc>
>>> wrote:
>>>
>>>> Hello. I just joined this mailing list. Apologies in advance if this
>>>> question has already been answered, but I could not find it in the archives.
>>>>
>>>> First, here's some background: I have setup Fineract and the Mifos X
>>>> client in my development environment. Using the Mifos UI, I have created
>>>> Organizations, Loan Products, and other related entities. Using PyFineract
>>>> / Fineract API, I have created Loans, etc.
>>>>
>>>> My question is:
>>>>
>>>> - What do I need to do or run to get the
>>>> daily/weekly/monthly/periodic accounting to occur? For example, let's
>>>> assume I create a loan with weekly repayments, and after a week has passed
>>>> there are no repayments, what part of the system calculates late fees,
>>>> interest, etc?
>>>>
>>>> Thanks.
>>>>
>>>> VJ
>>>>
>>>
>>>
>>> --
>>> *Ed Cable*
>>> President/CEO, Mifos Initiative
>>> edcable@mifos.org | Skype: edcable | Mobile: +1.484.477.8649
>>>
>>> *Collectively Creating a World of 3 Billion Maries | *http://mifos.org
>>> <http://facebook.com/mifos> <http://www.twitter.com/mifos>
>>>
>>>
Re: Question on Fineract Accounting Engine
Posted by Vinayak Javaly <vi...@urgent.vc>.
Hi Bharath. I'm still learning how to use Fineract, so apologies in
advance for my newbie questions.
I've created a chart of accounts, loan products with cash accounting. The *Add
Accrual Transactions* and *Add Periodic Accrual Transactions* scheduler
jobs are enabled and are running (their View History shows Success for
every day). In order to see the periodic accounting transactions posted,
I've created a few loans with daily repayments. But I don't think I've set
everything up correctly. I've attached the appropriate screenshots below.
[image: Screen Shot 2020-04-17 at 8.22.40 AM.png]
[image: Screen Shot 2020-04-17 at 8.23.53 AM.png]
Where should I be able to see a missed payment? and the late fee applied?
Please advise.
Thanks,
Vinayak
On Wed, Apr 15, 2020 at 2:36 AM Bharath Gowda <bg...@mifos.org> wrote:
> Hello Vinayak,
>
> Prerequisite is to create a loan product with Accrual Accounting Enabled
> from the user end, whereafter Mifos Scheduler jobs will take care of
> Accrual postings.
>
> Following two jobs are responsible for accrual transactions
>
> *1. Add Accrual Transactions*
> - All the interest will be accrued till the 'Due date' of the job run and
> can be viewed under 'Transactions' tab, it is scheduled to run every day.
>
> *2.Add Periodic Accrual Transactions*
> *-*Similar to 'Add Accrual Transactions' except that all the interest
> will be accrued till the current date i.e the Job run date and time.
> This job can be configured to run weekly/ monthly or yearly based on the
> organization needs.
>
>
> In case if you had a late payment fee attached to the loan, same jobs will
> post the fees portion as well along with the interest.
>
> You can go through the following document to understand more on our
> scheduler jobs and its functionality
>
> https://mifosforge.jira.com/wiki/spaces/docs/pages/67895356/Manage+Scheduler+Jobs
>
>
>
> Please Let me know if you need any more information.
>
> Regards,
> Bharath
> Lead Implementation Analyst | Mifos Initiative
> Skype: live:cbharath4| Mobile: +91.7019636073
> http://mifos.org <http://facebook.com/mifos>
> <http://www.twitter.com/mifos>
>
>
> On Wed, Apr 15, 2020 at 3:32 AM Ed Cable <ed...@mifos.org> wrote:
>
>> Hello Vinayak,
>>
>> Welcome to the community. I've cc'd my colleague, @Bharath Gowda
>> <bg...@mifos.org> , who will be able to help you at a more technical
>> level but have you checked the status of the scheduler jobs: the ones for
>> the accrual should be running on a daily basis.
>>
>> You can view status of the respective jobs and manually execute them from
>> the Scheduler Jobs section under Admin >> System.
>>
>> You can read more here:
>> https://docs.mifos.org/user-manual/for-administrators-mifos-x-platform/administration/system/manage-scheduler-jobs
>>
>> Ed
>>
>> On Tue, Apr 14, 2020 at 2:00 PM Vinayak Javaly <vi...@urgent.vc> wrote:
>>
>>> Hello. I just joined this mailing list. Apologies in advance if this
>>> question has already been answered, but I could not find it in the archives.
>>>
>>> First, here's some background: I have setup Fineract and the Mifos X
>>> client in my development environment. Using the Mifos UI, I have created
>>> Organizations, Loan Products, and other related entities. Using PyFineract
>>> / Fineract API, I have created Loans, etc.
>>>
>>> My question is:
>>>
>>> - What do I need to do or run to get the
>>> daily/weekly/monthly/periodic accounting to occur? For example, let's
>>> assume I create a loan with weekly repayments, and after a week has passed
>>> there are no repayments, what part of the system calculates late fees,
>>> interest, etc?
>>>
>>> Thanks.
>>>
>>> VJ
>>>
>>
>>
>> --
>> *Ed Cable*
>> President/CEO, Mifos Initiative
>> edcable@mifos.org | Skype: edcable | Mobile: +1.484.477.8649
>>
>> *Collectively Creating a World of 3 Billion Maries | *http://mifos.org
>> <http://facebook.com/mifos> <http://www.twitter.com/mifos>
>>
>>
Re: Question on Fineract Accounting Engine
Posted by Bharath Gowda <bg...@mifos.org>.
Hello Vinayak,
Prerequisite is to create a loan product with Accrual Accounting Enabled
from the user end, whereafter Mifos Scheduler jobs will take care of
Accrual postings.
Following two jobs are responsible for accrual transactions
*1. Add Accrual Transactions*
- All the interest will be accrued till the 'Due date' of the job run and
can be viewed under 'Transactions' tab, it is scheduled to run every day.
*2.Add Periodic Accrual Transactions*
*-*Similar to 'Add Accrual Transactions' except that all the interest will
be accrued till the current date i.e the Job run date and time.
This job can be configured to run weekly/ monthly or yearly based on the
organization needs.
In case if you had a late payment fee attached to the loan, same jobs will
post the fees portion as well along with the interest.
You can go through the following document to understand more on our
scheduler jobs and its functionality
https://mifosforge.jira.com/wiki/spaces/docs/pages/67895356/Manage+Scheduler+Jobs
Please Let me know if you need any more information.
Regards,
Bharath
Lead Implementation Analyst | Mifos Initiative
Skype: live:cbharath4| Mobile: +91.7019636073
http://mifos.org <http://facebook.com/mifos>
<http://www.twitter.com/mifos>
On Wed, Apr 15, 2020 at 3:32 AM Ed Cable <ed...@mifos.org> wrote:
> Hello Vinayak,
>
> Welcome to the community. I've cc'd my colleague, @Bharath Gowda
> <bg...@mifos.org> , who will be able to help you at a more technical
> level but have you checked the status of the scheduler jobs: the ones for
> the accrual should be running on a daily basis.
>
> You can view status of the respective jobs and manually execute them from
> the Scheduler Jobs section under Admin >> System.
>
> You can read more here:
> https://docs.mifos.org/user-manual/for-administrators-mifos-x-platform/administration/system/manage-scheduler-jobs
>
> Ed
>
> On Tue, Apr 14, 2020 at 2:00 PM Vinayak Javaly <vi...@urgent.vc> wrote:
>
>> Hello. I just joined this mailing list. Apologies in advance if this
>> question has already been answered, but I could not find it in the archives.
>>
>> First, here's some background: I have setup Fineract and the Mifos X
>> client in my development environment. Using the Mifos UI, I have created
>> Organizations, Loan Products, and other related entities. Using PyFineract
>> / Fineract API, I have created Loans, etc.
>>
>> My question is:
>>
>> - What do I need to do or run to get the
>> daily/weekly/monthly/periodic accounting to occur? For example, let's
>> assume I create a loan with weekly repayments, and after a week has passed
>> there are no repayments, what part of the system calculates late fees,
>> interest, etc?
>>
>> Thanks.
>>
>> VJ
>>
>
>
> --
> *Ed Cable*
> President/CEO, Mifos Initiative
> edcable@mifos.org | Skype: edcable | Mobile: +1.484.477.8649
>
> *Collectively Creating a World of 3 Billion Maries | *http://mifos.org
> <http://facebook.com/mifos> <http://www.twitter.com/mifos>
>
>
Re: Question on Fineract Accounting Engine
Posted by Ed Cable <ed...@mifos.org>.
Hello Vinayak,
Welcome to the community. I've cc'd my colleague, @Bharath Gowda
<bg...@mifos.org> , who will be able to help you at a more technical level
but have you checked the status of the scheduler jobs: the ones for the
accrual should be running on a daily basis.
You can view status of the respective jobs and manually execute them from
the Scheduler Jobs section under Admin >> System.
You can read more here:
https://docs.mifos.org/user-manual/for-administrators-mifos-x-platform/administration/system/manage-scheduler-jobs
Ed
On Tue, Apr 14, 2020 at 2:00 PM Vinayak Javaly <vi...@urgent.vc> wrote:
> Hello. I just joined this mailing list. Apologies in advance if this
> question has already been answered, but I could not find it in the archives.
>
> First, here's some background: I have setup Fineract and the Mifos X
> client in my development environment. Using the Mifos UI, I have created
> Organizations, Loan Products, and other related entities. Using PyFineract
> / Fineract API, I have created Loans, etc.
>
> My question is:
>
> - What do I need to do or run to get the daily/weekly/monthly/periodic
> accounting to occur? For example, let's assume I create a loan with weekly
> repayments, and after a week has passed there are no repayments, what part
> of the system calculates late fees, interest, etc?
>
> Thanks.
>
> VJ
>
--
*Ed Cable*
President/CEO, Mifos Initiative
edcable@mifos.org | Skype: edcable | Mobile: +1.484.477.8649
*Collectively Creating a World of 3 Billion Maries | *http://mifos.org
<http://facebook.com/mifos> <http://www.twitter.com/mifos>