Frank Nkuyahaga created FINERACT-1729:
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Summary: Overdraft Interest Calculated Wrongly
Key: FINERACT-1729
URL: https://issues.apache.org/jira/browse/FINERACT-1729
Project: Apache Fineract
Issue Type: Bug
Reporter: Frank Nkuyahaga
Attachments: Screenshot 2022-09-08 at 10.16.51.png
*Steps to Reproduce*
# Create a savings account with overdraft setup (say 365% per year which is
approx. 1% per day)
# Make a withdrawal to take the account into overdraft. Backdate this
withdrawal a few days
# Run the interest posting job
# Go back to the account and observe the interest postings
*Expected*
Interest should be posted correctly for all the days since the withdraw date to
the current date. That means, the interest posted on the first day should
affect the end of day balance for the first day and this should be taken into
account when posting interest for the second day and so on.
*Actual*
The overdraft interest amount is wrong and it's the same for all the days. See
attachment.
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