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https://issues.apache.org/jira/browse/FINERACT-2208?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Adam Saghy updated FINERACT-2208:
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Fix Version/s: 1.12
> Penalty is not recalculated after backdated transactions
> --------------------------------------------------------
>
> Key: FINERACT-2208
> URL: https://issues.apache.org/jira/browse/FINERACT-2208
> Project: Apache Fineract
> Issue Type: Bug
> Affects Versions: 1.11
> Reporter: Arnold Galovics
> Assignee: Arnold Galovics
> Priority: Major
> Fix For: 1.12
>
>
> Penalties applied to a loan are calculated based on the principal outstanding
> at the booking date of the penalty, NOT based on the principal outstanding at
> the “job run” date
> h4. Product settings that this should work for:
> * Cumulative repayment schedule (penalties, fees, interest, principal order)
> * Flat interest, equal installments; declining interest, equal installments;
> declining interest, equal principal
> * Grace on penalty posting - any number of days
> h4. Process that this should work for:
> # Backdate penalties job is ENABLED
> # Loan is disbursed
> # Repayments are posted on the loan account
> # Run the penalty job first time
> # Run the penalty job every night going forward
> h3. Example:
> Desired change is the calculated penalty before the repayment on Feb 4. This
> is what the transaction schedule should look like (added some columns here
> for description)
> NOTE: whether or not the 4 Feb accrual is based on the balance on 4 Feb 00.01
> or 23.59 doesn’t really matter, whatever is easiest. For illustration
> purposes, I’ve assumed it’s the balance at 23.59 on 4 Feb
>
> |*Date*|*Transaction type*|*Amount*|*Principal*|*Interest*|*Penalties*|*Loan
> balance*|*Remaining principal balance of that installment*|
> |3-Feb|Accrual|100| | |100 (3,333 * 3%)| |3,333|
> |4-Feb|Repayment|2,000|1,900|100| |8,100|1,433|
> |4-Feb|Accrual|43| | |43 (1,433*3%)| |1,433|
> |5-Feb|Accrual|43| | |43 (1,433*3%)| |1,433|
> |6-Feb|Accrual|43| | |43 (1,433*3%)| |1,433|
> |7-Feb|Accrual|43| | |43 (1,433*3%)| |1,433|
> |8-Feb|Repayment|1,000|1,000| | | |433|
> |8-Feb|Accrual|13| | |13 (433*3%)| |433|
> |9 Feb (onwards)|Accrual|13| | |13 (433*3%)| |433|
>
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