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https://issues.apache.org/jira/browse/FINERACT-2092?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Mihaly Dallos resolved FINERACT-2092.
-------------------------------------
Resolution: Fixed
> New transaction type - Payment Waiver
> -------------------------------------
>
> Key: FINERACT-2092
> URL: https://issues.apache.org/jira/browse/FINERACT-2092
> Project: Apache Fineract
> Issue Type: Improvement
> Reporter: Bharath Gowda
> Priority: Major
> Fix For: 1.11.0
>
>
> h3. Background and Details
> Payment Waiver is a transaction type regularly used by entities who offer
> BNPL products to waiver payments amount of their customers who meet their
> internal regulations and policies
>
> h3. Configuration
> # User should be able to configure payment allocations for the Payment
> waiver transaction type at loan product level
> ## both at loan product creation and modify level
> h3. Transaction requirements
> # User should be able to pass a new transaction on a Active/Closed loan
> account through API
> # User should be able to undo/modify the transaction posted
> # Transaction amount should obey the payment allocation order set at the
> “advance allocation strategy”
> # Reverse replay will work the same as of any other transaction type
> # Charge-back can be done on payment waiver transaction type
> This transaction type working is same as of “goodwill credit transaction” and
> “refund transaction”
> h3. Schedule Requirements
> # Repayment schedule allocation for Payment Waiver will happen as per the
> advance repayment strategy set. same as goodwill credit,refund transaction
> allocations
> # Reverse replay allocation will work the same
> h3. UI changes
> # User should be configure “Payment Waiver” transaction in Advance Payment
> Strategy at Loan product level (both at product creation/modify level)
> # User should be able to post “payment Waiver” transaction on the
> active/closed loan account
> ## “payment waiver” transaction should be visible on the transaction tab
> ## User should be able to undo/modify the transaction on the UI
> ## User should be able to do charge-back from the UI
> # UI actions similar to goodwill credit transaction
>
>
> h3. Accounting Entries
> Journal entries to be passed for 'Payment Waiver' transaction for loan account
>
> *For non charge-off loan accounts*
>
>
> ||Entry Type
> ||Accounting Type in Loan Product
> ||GL-Code
> ||GL-Name in Loan Product
> ||Type of CoA
> ||Logic for calculating the Amount for passing the entries
> ||
> |Debit|Income from Interest
> (Income section)|404000|Interest Income|Income|Total Amount entered for
> 'Payment Waiver' transaction|
> |Credit|Loan portfolio (Asset secion)|112601|Loans Receivable|Asset|total
> Principal portion which got allocated|
> |Credit|Interest Receivable(Asset Portion)|112603|fees/Interest
> Receivable|Asset|total interest portion which got allocated|
> |Credit|Fees Receivable (fees portion|112603|fees/Interest
> Receivable|Asset|total fees portion which got allocated|
>
>
> *Reversal entry for Non charge-off loan account*
>
>
> ||Entry Type
> ||Accounting Type in Loan Product
> ||GL-Code
> ||GL-Name in Loan Product
> ||Type of CoA
> ||Logic for calculating the Amount for passing the entries
> ||
> |Credit|Income from Interest (Income section)|404000|Interest
> Income|Income|Total Amount entered for 'Payment Waiver' transaction|
> |Debit|Loan portfolio (Asset secion)|112601|Loans Receivable|Asset|total
> Principal portion which got allocated|
> |Debit|Interest Receivable(Asset Portion)|112603|fees/Interest
> Receivable|Asset|total interest portion which got allocated|
> |Debit|Fees Receivable (fees portion|112603|fees/Interest
> Receivable|Asset|total fees portion which got allocated|
>
>
> *For charge-off loan accounts*
>
>
> ||Entry Type
> ||Accounting Type in Loan Product
> ||GL-Code
> ||GL-Name in Loan Product
> ||Type of CoA
> ||Logic for calculating the Amount for passing the entries
> ||
> |Debit|Income from Interest
> (Income section)|404000|Interest Income|Income|Total Amount entered for
> 'Payment Waiver' transaction|
> |Credit|Income from charge-off Interest (Income secion)|404001|Interest
> income charge off|Asset|total Principal portion which got allocated|
> |Credit|Income from charge-off Interest (Income secion)|404001|Interest
> income charge off|Asset|total interest portion which got allocated|
> |Credit|Income from charge-off Interest (Income secion)|404001|Interest
> income charge off|Asset|total fees portion which got allocated|
>
>
> *Reversal entry for charge-off loan account*
> ||Entry Type
> ||Accounting Type in Loan Product
> ||GL-Code
> ||GL-Name in Loan Product
> ||Type of CoA
> ||Logic for calculating the Amount for passing the entries
> ||
>
> ||Entry Type
> ||Accounting Type in Loan Product
> ||GL-Code
> ||GL-Name in Loan Product
> ||Type of CoA
> ||Logic for calculating the Amount for passing the entries
> ||
> |Credit|Income from Interest
> (Income section)|404000|Interest Income|Income|Total Amount entered for
> 'Payment Waiver' transaction|
> |Debit|Income from charge-off Interest (Income secion)|404001|Interest income
> charge off|Asset|total Principal portion which got allocated|
> |Debit|Income from charge-off Interest (Income secion)|404001|Interest income
> charge off|Asset|total interest portion which got allocated|
> |Debit|Income from charge-off Interest (Income secion)|404001|Interest income
> charge off|Asset|total fees portion which got allocated|
>
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