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  1. Apache Fineract
  2. FINERACT-407

Ability to Re-open closed Accounts (especially Savings and Share Accounts)

    Details

    • Type: Improvement
    • Status: Open
    • Priority: Major
    • Resolution: Unresolved
    • Affects Version/s: None
    • Fix Version/s: None
    • Component/s: Savings
    • Labels:

      Description

      When a client has not make transactions for many years for example, the MFI may not know if the client is alive or dead so the MFI can decide to close this client's Accounts (Savings and Share Accounts). The balances of this account can be transferred to a GL Account.

      Client - GL Transfer: DR Client Accounts and CR. GL Account e.g Share Transfer

      After some time, the client surfaces and would like to make transactions on his accounts.
      As a system admin, i should be able to re-open these closed accounts and be able to transfer the balances from the contra Account back to client's Savings Account either automatically or manually through batch/journal Entries where you DR. GL Accounts affected (where the balances are transferred) and Credit Clients Savings and Share Accounts with the balances at closure.

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            • Assignee:
              mgeiss Markus Geiss
              Reporter:
              Ippez Ippez Roberts
            • Votes:
              1 Vote for this issue
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              Dates

              • Created:
                Updated: