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https://issues.apache.org/jira/browse/FINERACT-2176?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Adam Saghy updated FINERACT-2176:
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Summary: Progressive Loan schedule - Interest portion is missing from
Charge-off transaction in case of backdated fully paid repayment on the same
period (was: Interest portion is missing from Charge-off transaction in case
of backdated fully paid repayment on the same period)
> Progressive Loan schedule - 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
> Priority: Minor
> 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!
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