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https://issues.apache.org/jira/browse/FINERACT-2104?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Mihaly Dallos resolved FINERACT-2104.
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Resolution: Fixed
> Accrual Activity Posting on Installment date
> --------------------------------------------
>
> Key: FINERACT-2104
> URL: https://issues.apache.org/jira/browse/FINERACT-2104
> Project: Apache Fineract
> Issue Type: Improvement
> Reporter: Bharath Gowda
> Assignee: Mihaly Dallos
> Priority: Major
> Fix For: 1.11.0
>
> Attachments: accrual activity scenarios v4 (1).xlsx
>
>
> *Background and Details*
> Currently Fineract posts accrual for loan accounts based on two jobs. post
> accrual transactions and post periodic accrual.
> One job posts accruals as of Installment date and the other posts as on the
> run date
> but with the available configurations we cannot have split of accrual posting
> as of the Installment date with daily accrual postings.
> Hence we are posting a monthly accrual activity that posts Installment wise
> accrual that is being calculated as of that installment
> *Acceptance Criteria*
> # System should have a new non-monetary transaction type named accrual
> activity transaction
> # The transaction will be posted on the Installment due_date for
> Installment’s INCOME portion amount
> ## Example: Interest, fees and Penalties Income portions
> # A job +business step is required to support this functionality
> ## Job + business step to support this functionality!
> # Transaction will be posted only for the active loans as on Installment
> due-date only
> ## If a Loan in pre-closed - one entry will be posted as of the last
> transaction date
> ## If the pre-closed loan is re-opened again (due to new disbursement or
> chargeback) the accrual activity should be created for the next installments
> till current date ( interest amount to be calculated from previously posted
> accrual activity on the earlier preclose date)
> # The transaction will be reverse and replayed when ever the INCOME portion
> amount is changed during schedule recalculations- like any other transaction
> ## example reversal of an older repayment
> # System should store/send both previous and new INCOME portion values
> during reverse and replay
> # Transaction will have no Accounting entries, no affect on balances or on
> repayment schedule changes
> # Configuration at loan product level is required for enabling or disabling
> this transaction posting
> Usecases attached below
> Â
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