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https://issues.apache.org/jira/browse/FINERACT-1638?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Vikranth Ramasami updated FINERACT-1638:
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Description:
!1638.JPG!
* We are expecting the interest applied on 8{^}th{^} June to be 12.78 i.e. 1%
of 1277.95 (i.e the account balance including previous days
interest).{+}{{+}}{+}{{+}}
* Instead the interest is being posted as 12.57 which is 1% of 1257.45 (which
is the sum of only the withdrawal and withdrawal entries).
The same issue will happen if you say do a withdrawal today and then do a
partial deposit or another withdrawal the interest posted tomorrow will be
incorrect
was:
!1638.JPG!
* We are expecting the interest applied on 8{^}th{^} June to be 12.78 i.e. 1%
of 1277.95 (i.e the account balance including previous days
interest).{+}{{+}}{+}{{+}}
* Instead the interest is being posted as 12.57 which is 1% of 1257.45 (which
is the sum of only the withdrawal and withdrawal entries).
> Overdraft is extended or partially repaid, the interest is not being
> calculated correctly as it is not including previous days interest when
> calculating new interest posting
> -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
>
> Key: FINERACT-1638
> URL: https://issues.apache.org/jira/browse/FINERACT-1638
> Project: Apache Fineract
> Issue Type: Bug
> Reporter: Vikranth Ramasami
> Priority: Major
> Attachments: 1638.JPG
>
>
> !1638.JPG!
>
> * We are expecting the interest applied on 8{^}th{^} June to be 12.78 i.e.
> 1% of 1277.95 (i.e the account balance including previous days
> interest).{+}{{+}}{+}{{+}}
> * Instead the interest is being posted as 12.57 which is 1% of 1257.45
> (which is the sum of only the withdrawal and withdrawal entries).
> The same issue will happen if you say do a withdrawal today and then do a
> partial deposit or another withdrawal the interest posted tomorrow will be
> incorrect
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