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https://issues.apache.org/jira/browse/FINERACT-688?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=16812369#comment-16812369
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Mexina Daniel commented on FINERACT-688:
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Hello [~sapana]
On the description, you said "_as per standard industry practice, charges
should accrue when borrower actually pays them, not prior to that._"
What is the difference between the Cash accounting and Accrue accounting?
> Periodic Accrual accounting: Accrue fees when paid
> --------------------------------------------------
>
> Key: FINERACT-688
> URL: https://issues.apache.org/jira/browse/FINERACT-688
> Project: Apache Fineract
> Issue Type: Improvement
> Components: Loan
> Affects Versions: 1.1.0
> Reporter: sapana
> Priority: Major
>
> As per periodic accrual accounting method, charges are accrued when they
> become due. Ideally, as per standard industry practice, charges should accrue
> when borrower actually pays them, not prior to that.
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