Adam Saghy created FINERACT-2176:
------------------------------------
Summary: Interest portion is missing from Charge-off transaction
in case of backdated fully paid repayment on the same period
Key: FINERACT-2176
URL: https://issues.apache.org/jira/browse/FINERACT-2176
Project: Apache Fineract
Issue Type: Bug
Affects Versions: 1.10.0, 1.11.0
Reporter: Adam Saghy
Fix For: 1.12
*Issue*
In case we set “Zero interest after Charge-off” as Charge-off strategy for a
progressive interest bearing, interest recalculation = true Loan product and
did an early repayment that fully paid an installment. Later if we charge-off
the loan, the charge-off transaction does not contains any interest portion,
which is incorrect!.
*Steps to reproduce*
* LP configuration
** *Progressive loan schedule*
** Advanced payment allocation
** Interest: 7%
** *Interest recalculation = TRUE*
** Interest calculation: DAILY
** Interest recalculation: DAILY
** *Charge-off strategy: Zero interest after Charge-off*
* Disburse a loan ($1000) on 1 Jan 2023
* Do an early repayment ($170.05) which fully repay the 1st period on 15 Jan
2023
* Do a Charge-off on 31 Jan 2023
*Actual*
* There is no interest portion on the Charge-off transactions
*Expectation*
* $2.55 interest portion should have been calculated for the Charge-off
transaction!
--
This message was sent by Atlassian Jira
(v8.20.10#820010)
