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From "Edward Cable (JIRA)" <>
Subject [jira] [Commented] (FINERACT-407) Ability to Re-open closed Accounts (especially Savings and Share Accounts)
Date Wed, 01 Mar 2017 13:24:45 GMT


Edward Cable commented on FINERACT-407:

[~nazeer1100126] can you analyze this feature request, especially vis-a-vis existing dormant
account functionality. 

> Ability to Re-open closed Accounts (especially Savings and Share Accounts)
> --------------------------------------------------------------------------
>                 Key: FINERACT-407
>                 URL:
>             Project: Apache Fineract
>          Issue Type: Improvement
>          Components: Savings
>            Reporter: Ippez Roberts
>            Assignee: Markus Geiss
>              Labels: p2
> 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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