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• While the current accounting approach works for GK, their accountant anticipates issues in the future (Now all branches share the same fund source which is a Cash account. As and when branches start giving loans directly through Checks from their bank accounts etc, the current approach of setting fund source at a product level might not work for them)

• They want to track different fees and penalties postings under different account heads (currently all fees and penalties in the context of a loan product are tracked in the same head)  

• Principal write-off should write into different accounts based on the cause for write-Off. Ex member death would need to decrease the fund source and increase the expected insurance pay-out.

1.2        Musoni Requirements

• Different repayment and disbursement channels need to be accounted under different heads
• Ability for different branches to have different Fund sources

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2         Verbiage Guide

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