Accounting
The Accounting can be accessed from anywhere within the Mifos system.
Tip: When beginning to use Mifos X please refer to the Initial System Setup and General Navigation sections of this manual for guidance.
To access the Accounting menu and the options within, click on the Accounting button on the top of the screen: the image below will then be displayed
Setting up of Accounting
To Enable Accounting Module, you need to follow the mandatory step by step instructions below before you do any transaction:-
Step 1) Create chart of accounts - Chart of Accounts - General Ledger Setup.
Step 2) Map opening balance contra account in - Accounts linked to Financial Activities
Step 3) Pass opening balance entries - Migrate opening balances (Office-wise)
Step 4) Map your products with respective accounts -
Go to >> Loan Products - Accounting
Go to >> Savings Products - Accounting
Go to >> Fixed Deposit Products - Accounting
Go to >> Recurring Deposit - Accounting
Other Accounting features
To define accounting rule - Accounting Rules
To define advanced accounting rule - Advanced Accounting Rules
To define accruals - Accruals
For operational usage
To manually pass journal entry - Add Journal Entries
To search accounting transactions - Searching Accounting Transactions
To use predefined accounting rule - Frequent Postings
To close journal entries - Closing Entries
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