Need facility so that dividend can be applied to the Center | Brunch Savings accounts.
Report needed to compute the dividend amount to be allocated to the customers. This Report will take input as a Center | Brunch name, a start date and the profit amount to be distributed as dividend for the Center | Brunch
computation of dividend:
a) amount to be distributed
b) sum of average savings balances for last 12 months for a customer
c) sum of average savings balances for last 12 months for all customers
a * b / c
The dividend will not be automatically applied, but can be manually applies using a bulk entry screen similar to the collection sheet.
Reviewed during Triage Meeting on 1/9/2012.
Binny to add additional details and document a smaller feature that could address this.
The report as described above is more or less a custom functionality that is needed for this client.
However, a feature is required to manually apply interest to a savings account. I have created a separate ticket for this at:
Was this feature implemented in Mifos X ?