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From "Justine Nam (JIRA)" <>
Subject [jira] [Created] (FINERACT-493) Repayment method by Post Dated Checks
Date Thu, 06 Jul 2017 13:52:00 GMT
Justine Nam created FINERACT-493:

             Summary: Repayment method by Post Dated Checks
                 Key: FINERACT-493
             Project: Apache Fineract
          Issue Type: New Feature
          Components: Loan
            Reporter: Justine Nam
            Assignee: Markus Geiss

 Repayment by Post Dated Checks
In Current updated MifosX, there is no convenient features for Post dated checks Repayment.

Our company normally require Post Dated Checks to the client as repayment method when their
loan is approved.
If the term is 6 month, we asked them to provide 6 pcs Post Dated Checks for repayment.

So, If it's possible........when we create the loan application for individuals, make one
more optional procedures to encode(input) the Post Dated Checks details during Disburse Loan
Normally, Check numbers are increased by 1...

Name of Bank    Due Date      Account No. Check No. Amount
Citi Bank             1/1/2017       230016         *100001       1000 
Citi Bank              1/2/2017       230016        *100002       1000 
Citi Bank              1/3/2017       230016         *100003       1000 
Citi Bank              1/4/2017       230016         *100004       1000 
Citi Bank              1/5/2017       230016         *100005       1000 
Citi Bank              1/6/2017        230016        *100006       1000

So, When we input the Postdated checks details.....

1. It should automatically generate the rows based on the term(get this data from Loan application)

- if the term is 6 months, it should generate 6 rows for encoding of Checks Info.

2. For Check No. field, when we input first check No. , it should automatically generate Check
no.   increased by 1

3. This data table is linked with Repayment Schedule.

When we see the repayment schedule , Check No. must be showed (If that data is encoded)

4. when we see the collection sheet, those information(like check no, bank name) will automatically
appear and can be edited as well...Also, It can be cleared(make payment) in Collection Sheet

In current MifosX system, we need to encode one by one whenever there is due-payment.
Collection Sheet -> Add payment detail -> input the Check detail.

If we have a few post dated checks, it's ok .....But If there are many checks to encode the
datails for checks.....this is time consuming works.

I hope someone work on this matter..

thank you

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