Examples of semi-automated integrations of Mifos with accounting softwares
Have you integrated your accounting package with Mifos? Want to share what you did with the community? Please upload files for your accounting integration here and add a brief description by copying, pasting and following the sample format at the bottom of the page.
Overview of approach to integrating your accounting package with Mifos
Mifos provides provides the flexibility to provide integration between portfolio and transaction management across your MIS and accounting systems. By providing full support for the general ledger, a fully customizable chart of accounts, and a transactional export mechanism in multiple formats, all financial and accounting data can be exported into your accounting system sychronizing the data between the two.
The Chart of Accounts (CoA) is a list of accounts in the general ledger, systematically classified by title and number. The account number is referred to as the GL code. The appropriate financial transactions are posted against these GL codes. Mifos provides a default CoA. From Mifos 1.1 onwards, the CoA configuration is in XML. This section in Configuring Mifos describes how to customize your own CoA.