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https://issues.apache.org/jira/browse/FINERACT-2123?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=17883689#comment-17883689
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Steve Broughton edited comment on FINERACT-2123 at 9/23/24 5:56 AM:
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This is a refund for an active loan which is in advance:
performed by API call to
fineract-provider/api/v1/loans/8/transactions?command=refundByCash
{ "dateFormat": "dd MMMM yyyy", "locale": "en", "transactionDate": "23
September 2024", "transactionAmount": "10.91", "paymentTypeId": "31" }
was (Author: JIRAUSER307084):
This is a credit balance refund:
performed by API call to
fineract-provider/api/v1/loans/8/transactions?command=refundByCash
{
"dateFormat": "dd MMMM yyyy",
"locale": "en",
"transactionDate": "23 September 2024",
"transactionAmount": "10.91",
"paymentTypeId": "31"
}
> 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,
> image-2024-09-23-15-51-39-624.png
>
> 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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