>> To enable Accounting, you need to select cash accounting. As of now, Mifos x supports only cash accounting for savings product.
>> Map accounts with respect to the savings product accounts. For information on these accounts refer: A Possible accounting Spec - Accounting rules for savings.
Advanced Accounting Rule
On clicking on the show button, it enables Advanced accounting rule.
If you click on Add button, it will expand and show up selection drop-downs.
Configure Fund sources for Payment Channels. Example: In the image shown above, Payment type - Cheque is mapped to Fund source - Bank. So whenever payment type is used for transaction. Journal entry for Account - Bank will be passed.
Map Fees to Income Accounts.
Map Penalties to Specific Income Accounts
Click on Submit button to Save/Create savings product.