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https://issues.apache.org/jira/browse/FINERACT-1905?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Adam Saghy resolved FINERACT-1905.
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Resolution: Fixed
> Time respective repayment strategy
> ----------------------------------
>
> Key: FINERACT-1905
> URL: https://issues.apache.org/jira/browse/FINERACT-1905
> Project: Apache Fineract
> Issue Type: Improvement
> Reporter: Mihaly Dallos
> Assignee: Mihaly Dallos
> Priority: Major
> Labels: PepperSoup
> Fix For: 1.9.0
>
>
> Accounting of _INCOME_ is critical for financial reporting which is highly
> regulated and regularly inspected. Fees added to loans are source of this
> income. Backdated transactions OR reverse/replay can change the money
> distribution and pay off fees retrospectively. It changes the amount of
> _income_ too. This is due to Fineract’s payment strategy which orders
> transactions of the instalment and pays those off (within the instalment’s
> timeframe)
> *Solution:*
> Introducing a new repayment strategy and having due charges and In advance
> principal which let us pay the charge on or after the charge due date, but
> the strategy needs to be aware if there is any unpaid but due charge /
> penalty.
> *New payment order:*
> * Due charges
> ** Due Penalty
> ** Due Fee
> * Due interest
> * Due principal
> * In advanced principal
> * In advanced Penalty
> * In advanced Fee
> * In advanced Interest
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