These are predefined postings
Manual journal entry transactions recorded in a journal
Advanced search option for journal entries
List of Financial Activities and GL Account Mappings
Set or update office-level opening balances for GL accounts
List of accounts used by the organization
Journal entries made at the end of accounting period
List of all accounting rules
Accrues income, expenses and liabilities as on the provided date
Create provisioning entries
The Chart of Accounts - General Ledger Setup allows you to organize your different accounts within Mifos X.
Accounts linked to Financial Activities are mapped accounts which are needed to do system generating accounting transaction.
This makes it easier for an organization wanting to move to Mifos to transfer GL account balances (from their existing accounting application or manual system) to Mifos X Accounting.
In Mifos X, you can close accounting to journal entries. Closures can be applied to all branches or to each branch separately. It is important for organizations to close accounting periodically to prevent transactions that affect the accounting books.
Journal Entries are essentially logs of all the transactions in your organization that have accounting implications.