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https://issues.apache.org/jira/browse/FINERACT-2123?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=17883686#comment-17883686
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Bharath Gowda commented on FINERACT-2123:
-----------------------------------------
Hi [~sbroughton] I just wanted to understand which refund functionality you
are talking about here?
Is it possilbe to share the screenshot or the API of the refund?
Currently Fineract supports multiple refund options, so just want to make sure
we are working on right refund.
# Credit Balance Refund
# Merchant Refund
# Payout Refund
# Interest Refund etc
cc [~adamsaghy]
> 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
> Priority: Major
> Attachments:
> Fix_incorrect_GL_entries_which_were_being_generated_on_refund_of_active_loan.patch
>
> Original Estimate: 1h
> Remaining Estimate: 1h
>
> 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.
>
> *Steps to reproduce*
> 1. Overpay a loan
> 2. Perform a refund
> 3. Examine the GL entries
>
>
>
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