• Registered: 07/27/2008
  • Posts: 3

Topic: Set up F.A for microfinance bank

Hello all
Quite a great application.
I have looked at the functionality of the application and needs help on the settings this application up for the use of microfinance bank.

Thanks

  • joe
  • Administrator
  • Offline
  • Registered: 03/15/2007
  • Posts: 5,107

Re: Set up F.A for microfinance bank

Thanks for your nice words.
You should follow the install instructions inside the application. We are not familiar with the specific setup for a microfinance bank. Maybe you you shall modify the chart of accounts after creating your own company. Talk to an accountant about that.
Maybe somebody in the audience have additional tips for you.

/Joe

  • Registered: 10/13/2013
  • Posts: 4

Re: Set up F.A for microfinance bank

Is there a way to automate 'interest' charge (interest income) on 'accounts receivable' (i.e. microfinance loans) on monthly basis? If yes, then Frontaccounting can handle microfinance. What could be the way to do that? Thanks.

  • joe
  • Administrator
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  • Registered: 03/15/2007
  • Posts: 5,107

Re: Set up F.A for microfinance bank

Consider using Quick Entries for your transactions. See the wiki.

Joe

  • tm
  • Senior Member
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  • From: Sweden
  • Registered: 05/13/2013
  • Posts: 142

Re: Set up F.A for microfinance bank

Quick entries are fine, but it's probably not the kind of automation you are asking about. If you want to adjust balances monthly, you could always query the database "from outside" and insert new transactions based on the result. I do something similar for my VAT reports by importing journal entries.