Agenda
Before each meeting we'll post a proposed agenda. You can add any item you would like to cover to the agenda by emailing the user list or editing this wiki page.
Session | Description | Presenter | Time |
|---|
Introduction | We will also have an introduction of everyone on the call so the community can get more personally connected. | Nayan Ambali | 5 min |
Implementer Show & Tell | AT Grassroots India | Prabhakar Rawat | 15 min |
| Discussion | Open Discussion | Nayan | 10 min |
Demo/Tutorial | Demo of Client Export | Nayan | 20 min |
| Open Office Hours | Support/feedback | | 10 min |
On the Call
- Patrick Asare-Frimpong (Ghana)
- Shiva (Hugo Technologies - India)
- Pravin (Hugo Technologies - India)
- Milagros Mendoza Campos (Peru)
- Vishwas (Conflux - India)
Notes
From: http://sync.in/YZc2Xfawt4
Demonstration of Client Export
- Lassaad feedback: need to add From To date to report
Discussion on Accounting practice
Khaka Fina: is in India Accounting based on cash based schema ?
Hugo Technologies: Both are in use
Hugo Technologies: NGO's follow cash based and Big MFI follow accrual
Vishwas Babu Aj: largely accrual based
Khaka Fina: Regulators and Tax Dep are using which one ?
Khaka Fina: Accrual . Ok
Hugo Technologies: Regulators & bankers..... accrual
Khaka Fina: so who needs cash based ?
Khaka Fina: I mean who is requesting Cash based? If Tax Dep, Regulators and Banks are requesting Acrual
Hugo Technologies: Kakha......... there are different organizations under MF........ many are non-regulated and NBFC are regulated
Khaka Fina: Yes I remember . you told me that.
Hugo Technologies: Rural co-operatives, NGOS with group lending etc., are non-regulated......... so they go with cash based
Hugo Technologies: Recently NBFC brought under the umbrella of regulators......... so they need accrual
Khaka Fina: they go becasue they want , right ?
Hugo Technologies: yes
Khaka Fina: I saw thos 35 standards. This is accrual
Khaka Fina: so requirement is only for ACRUAL . They can do also Cash based , based requirement is ACRUAL . Right ?
Vishwas Babu Aj: correct
Khaka Fina: In all other countries I have been it is accrual bases too
Vishwas Babu Aj: as Shiva said all regulated MFI's
Vishwas Babu Aj: need Accrual based accounting
Vishwas Babu Aj: *in india
Khaka Fina: Sure
Hugo Technologies: and regulated MFI you have in 2 digits
Khaka Fina: number of digits are not important
Khaka Fina: 2,3,4,5 ...
Hugo Technologies: True but when it comes to revenue and the market potential....... numbers are important :)
Khaka Fina: So do we have any results from the Acc tester(s) ? Did someone tetsed it ? I mean accountant , not technical staff
Khaka Fina: Do we have some feedbacks ?
Khaka Fina: Also Vishwas have you seen my minor comments on Balance Sheet report?
Khaka Fina: I put it on Jira
Hugo Technologies: yes there is one from africa