Simple internal ACCOUNTING Module in Mifos | not integration with external systems

Description

Based on accounting team meeting on Dec 6, members of community decided to pursue building in basic accounting functionalities. This will satisfy majority of requirements of small MFIs; more sophisticated accounting needs will be met through deeper integration through an improved accounting bridge with Mifos.

Simple Accounting Functionalities to be built in Mifos:

  • User interface to enter general debit/credit transactions (expenses, etc.)

  • Simple financial reports.

Original Issue:

Integration with other accounting software is not very useful, especially with MFIs which has branches or associations with many MFI s.

What is needed to have Balance Sheet and Income Statement in Mifos?
In my case we just need other non operational expenses: 2-3 transactions + 1 additional account (which I can add myself).

All accounting localization (i.e. amortization, fixed assets, salary, taxation forms) of course will be very difficult to implement , but can we add 2-3 accounts and GL journal ( simple mechanism: DEBIT , CREDIT, AMOUNT, DESCRIPTION or DB, AMOUNT, DESCRIPTION | CR, AMOUNT DESCRIPTION if it community will decide to have a single entry system).

I have heard that someone is working on accounting module. Any chance to see demo, plan, road map or any other docs?

Environment

None

Status

Assignee

hugotechnologies

Reporter

Kakhaber Kheladze

Labels

Implementation Priority

Must

Story Points

None

Team

Community

Scheduled For

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50% Estimate

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90% Estimate

None

Deployment

None

Epic

None

Request Type

None

Requestor

None

Number of Support Tickets

None

Customer

None

Notify

None

productboard URL

None

Components

Fix versions

Affects versions

Release 2.2

Priority

Blocker