Steve Broughton created FINERACT-2123:
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Summary: Incorrect Accural Accounting for Refund For Active Loan
Key: FINERACT-2123
URL: https://issues.apache.org/jira/browse/FINERACT-2123
Project: Apache Fineract
Issue Type: Bug
Components: Accounting
Affects Versions: 1.10.0
Reporter: Steve Broughton
Attachments:
Fix_incorrect_GL_entries_which_were_being_generated_on_refund_of_active_loan.patch
The refund for active loan transaction is incorrectly accounted for on a cash
basis when the product is configured for accrual accounting.
Fault is in:
AccrualBasedAccountingProcessorForLoan.createJournalEntriesForRefundForActiveLoan
method
When the credit entries are created they use income accounts instead of
receivable accounts. This would be correct only for cash basis accounting only.
Accrual accounting requires that these amounts come from the receivable
accounts.
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