Mihaly Dallos created FINERACT-1905:
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Summary: Time respective repayment strategy
Key: FINERACT-1905
URL: https://issues.apache.org/jira/browse/FINERACT-1905
Project: Apache Fineract
Issue Type: Improvement
Reporter: Mihaly Dallos
Accounting of _INCOME_ is critical for financial reporting which is highly
regulated and regularly inspected. Fees added to loans are source of this
income. Backdated transactions OR reverse/replay can change the money
distribution and pay off fees retrospectively. It changes the amount of
_income_ too. This is due to Fineract’s payment strategy which orders
transactions of the instalment and pays those off (within the instalment’s
timeframe)
*Solution:*
Introducing a new repayment strategy and having due charges and In advance
principal which let us pay the charge on or after the charge due date, but the
strategy needs to be aware if there is any unpaid but due charge / penalty.
*New order:*
# Due charges
# In advanced principal
# Penalty
# Fee
# Interest
# Principal
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