Chart of Account creation & mapping is core of any MIS & financial accounting system.
Currently this is supported as a configurable & customized based on each individual MFI requirement. Negative effect is that MFI can configure the COA only once i.e., during the first initialization of mifos. In organization based on the the requirement new COA configuration is required. In the absence of COA User interface it has become difficult for administrators of Mifos.
There are plans to provide financial accounting feature in mifos, without COA user interface the basic purpose of integrated accounting will not serve.
Targeting work and completion of this for Marie J release.
Discussed during triage and user meetup on Sept 13, 2012 - awaiting specs and need to see if any of the financial mapping work is in scope for this.
There are 2 approaches here.
1.Providing a COA screen for users to create new general ledgers and
mapping to its respective group only.
2. Providing a screen for users to create the complete Account group
hierarchy for Assets, Liabilities, Income & Expenses along with
general ledger and mapping.
In existing system during both the Account group & COA should be defined during initialization.
We need to decide which one to do whether to go with only providing an interface for creating General Ledger through COA or complete chart of account functionality.
Sent by Shiva via email on 9/19/2012