Mihaly Dallos created FINERACT-2143:
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Summary: Dynamic loan product prepayment results mismatching
Schedule and accounting
Key: FINERACT-2143
URL: https://issues.apache.org/jira/browse/FINERACT-2143
Project: Apache Fineract
Issue Type: Bug
Reporter: Mihaly Dallos
Attachments: image-2024-10-18-10-06-00-062.png,
image-2024-10-18-10-14-41-963.png, image-2024-10-18-10-19-50-306.png
h4. Steps to reproduce:
# Dusburse a loan of a dynamic loan product
# make a repayment in between two instalments
# compare the transaction and the schedule
*Actual result:*
The schedule shows that the paid amount reduces the principal, and interest is
calculated accordingly which remains outstanding. The transaction amount is
allocated differently though, it shows that the interest is paid and only the
remaining amount is spent on the principal.
Schedule:
!image-2024-10-18-10-06-00-062.png!
Transaction:
!image-2024-10-18-10-14-41-963.png!
h4. Expected result:
The payment is spent on the interest until payment date. The remaining spent on
the balance and interest due is calculated for the rest of the days till next
installment due.
!image-2024-10-18-10-19-50-306.png!
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