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Posted to issues@fineract.apache.org by "Edward Cable (JIRA)" <ji...@apache.org> on 2019/03/13 00:48:00 UTC

[jira] [Commented] (FINERACT-407) Ability to Re-open closed Accounts (especially Savings and Share Accounts)

    [ https://issues.apache.org/jira/browse/FINERACT-407?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=16791154#comment-16791154 ] 

Edward Cable commented on FINERACT-407:
---------------------------------------

[~vishwasbabu] [~santoshmath] Any thoughts on this relative to the dormant account functionality that was previously added?

> Ability to Re-open closed Accounts (especially Savings and Share Accounts)
> --------------------------------------------------------------------------
>
>                 Key: FINERACT-407
>                 URL: https://issues.apache.org/jira/browse/FINERACT-407
>             Project: Apache Fineract
>          Issue Type: Improvement
>          Components: Savings
>            Reporter: Ippez Roberts
>            Assignee: Markus Geiss
>            Priority: Major
>              Labels: Fineract-CN, gsoc, p3
>
> When a client has not make transactions for many years for example, the MFI may not know if the client is alive or dead so the MFI can decide to close this client's Accounts (Savings and Share Accounts). The balances of this account can be transferred to a GL Account.
> Client - GL Transfer: DR Client Accounts and CR. GL Account e.g Share Transfer
> After some time, the client surfaces and would like to make transactions on his accounts.
> As a system admin, i should be able to re-open these closed accounts and be able to transfer the balances from the contra Account back to client's Savings Account either automatically or manually through batch/journal Entries where you DR. GL Accounts affected (where the balances are transferred) and Credit Clients Savings and Share Accounts with the balances at closure.



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