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https://issues.apache.org/jira/browse/FINERACT-1540?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Sifiso Mtetwa updated FINERACT-1540:
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Description:
If you create a product with Declining balance and Equal Amortisation the
scheduled repayments are never consistently equal. This is because Rounding
mode is currently a default of 6 in Global configurations. However if you would
like to change it to
HALF_DOWN: If the discarded digit is .5 or lower, the last digit is rounded
down.
HALF_UP: If the discarded digit is .5 or greater, the next digit is rounded up.
FLOOR: Rounds down to the nearest digit even if the discarded digit is .5 or
greater.
CEILING: If the discarded digit is anything but zero, the next digit is rounded
up.
as in this ticket [https://mifosforge.jira.com/browse/MIFOSX-858]
Currently if you try and change to another value other than 6 it fails with
error "Unable to modify this configuration as it is a trap door configuration.
- "
This issue dates as far back as 2014 and still persists in Fineract 1.6.0. Is
there a fix for this issue or if there are any branches that have solved this
that we can merge.
was:
If you create a product with Declining balance and Equal Amortisation the
scheduled repayments are never consistently equal. This is because Rounding
mode is currently a default of 6 in Global configurations. However if you would
like to change it to
HALF_DOWN: If the discarded digit is .5 or lower, the last digit is rounded
down.
HALF_UP: If the discarded digit is .5 or greater, the next digit is rounded up.
FLOOR: Rounds down to the nearest digit even if the discarded digit is .5 or
greater.
CEILING: If the discarded digit is anything but zero, the next digit is rounded
up.
as in this ticket [https://mifosforge.jira.com/browse/MIFOSX-858]
Currently if you try and change to another value other than 6 it fails with
error "Unable to modify this configuration as it is a trap door configuration.
- "
This issue dates as far back as 2014 and still persists in Fineract 1.6.0. Are
there any branches that have solved this that we can merge or an actual fix for
this issue
> Rounding Mode unable to change from default 6
> ---------------------------------------------
>
> Key: FINERACT-1540
> URL: https://issues.apache.org/jira/browse/FINERACT-1540
> Project: Apache Fineract
> Issue Type: Bug
> Components: Loan, System
> Affects Versions: 1.7.0
> Reporter: Sifiso Mtetwa
> Priority: Blocker
> Labels: LOAN
> Fix For: 1.7.0
>
> Attachments: roundingmode.jpg, roundingmodeerror.jpg
>
>
> If you create a product with Declining balance and Equal Amortisation the
> scheduled repayments are never consistently equal. This is because Rounding
> mode is currently a default of 6 in Global configurations. However if you
> would like to change it to
>
> HALF_DOWN: If the discarded digit is .5 or lower, the last digit is rounded
> down.
> HALF_UP: If the discarded digit is .5 or greater, the next digit is rounded
> up.
> FLOOR: Rounds down to the nearest digit even if the discarded digit is .5 or
> greater.
> CEILING: If the discarded digit is anything but zero, the next digit is
> rounded up.
> as in this ticket [https://mifosforge.jira.com/browse/MIFOSX-858]
>
> Currently if you try and change to another value other than 6 it fails with
> error "Unable to modify this configuration as it is a trap door
> configuration. - "
> This issue dates as far back as 2014 and still persists in Fineract 1.6.0. Is
> there a fix for this issue or if there are any branches that have solved this
> that we can merge.
>
>
>
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