Mr.Htoo Aunt Shein created FINERACT-2184:
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Summary: Saving Amount Compounding Balance Case
Key: FINERACT-2184
URL: https://issues.apache.org/jira/browse/FINERACT-2184
Project: Apache Fineract
Issue Type: New Feature
Components: Savings
Affects Versions: 1.5.0
Reporter: Mr.Htoo Aunt Shein
how to solve my problem in saving account. I will explain my case first. our
year end is 31st march and a new year begin on April 1st. the interest
calculation till April is correct. but from may onwards, the interest should be
calculated on the amount of April that already posted for April. before April
the interest is calculated on the principle. my problem is from May onwards,
the interest did not calculate from the April amount. it take all the
compounded interest starting from the account open plus the latest principle.
how to solve for the interest calculation from may onwards. but if there is
withdrawals and another principle, it should be calculated on principle. you
would know that I think.
Another thing is, all the transactions had been made and also some account did
their withdrawals on the wrong amount. so that if the interest calculation is
correct, that would be some amount that they over withdrawals. that's why there
may be minus in their account and that would occur overdraft. if another
principle adds, that overdraft went to less the principle amount. how to solve
these problems.
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