Sander van der Heyden and Binny Gopinath Sreevas
We were planning to have a relook at
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Earlier, I was assuming that the fund sources for all products would be the same, so consolidated transactions like
Accounting Rules:
Based on the discussion in the comments below, accounting rules shall be the same for both inter/ intra branch transactions
- Scenario 1) Disburse loan to a savings from Branch A to Branch B
Loan disbursal should: Debit Loan Portfolio and Credit a Liability account for "Branch Liability Transfer"
Savings should: Credit Savings Control and Debit a Liability account for "Branch Liability Transfer"
- Scenario 2) Transfer from savings to
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- Loan from Branch A to Branch B
Savings withdrawal in Branch A should: Debit Savings Control
Loan ShouldControl and Credits a Liability account for "Branch Liability Transfer"
Loan repayment in Branch B should: Credit Income from interest, income from fees, loan portfolio, income from penalty and Debit the account for "Branch Liability Transfer"
- Scenario 3) Transfer from savings(pr-a) to savings(pr-b)
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- where pr-a is a withdrawal and
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- pr-b is a
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- deposit from Branch A to Branch B
savings (pr-a) in Branch A : Debit pr-a' Savings Control and Credits a Liability account for "Branch Liability Transfer"
savings (b) : Credit in Branch B: Debits a Liability account for "Branch Liability Transfer" and Credit b's Savings Control
would make sense (as long as all of them are within the same branch)
Questions (Blocker):
What happens if the fund source for two products are different? Then what we are doing now is correct!
Technical Changes are quite straightforward:
In GL_journal entry
entity_type_enum = 3 (Account Transfer)
what is entity Id? = Need to have a re-look
transaction_id = link to m_account_transfer_transaction ( Here add a new convenience label a "m_account_transfer_transaction tables id" )
account_transfer_transaction_id foreign key
( Is Payment details to account transfer (needs to be passed from the account on which the transaction was made) = Need to have a relookBranch Liability Transfer account shall be defined at an organizational Level
[Conversation with @pramod : Under https://demo.openmf.org/#/accounting, lets add a new section for "Map Organizational Accounts"
Here, a user will be able to edit predefined accounting types like "Suspense account for Liability Transfer", "Suspense account for Asset Transfer" or "Teller Cash Account". Need a set of API's for the same