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https://issues.apache.org/jira/browse/FINERACT-2330?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Adam Saghy resolved FINERACT-2330.
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Resolution: Fixed
> Buy Down fees Accounting for non-merchant module
> ------------------------------------------------
>
> Key: FINERACT-2330
> URL: https://issues.apache.org/jira/browse/FINERACT-2330
> Project: Apache Fineract
> Issue Type: Improvement
> Affects Versions: 1.10.1
> Reporter: Bharath Gowda
> Priority: Major
> Fix For: 1.13.0
>
>
> h3. Background and Details
> BuyDown fees implemented at FINERACT-2311 is currently configured to support
> merchant lending where merchant related accounting is handling outside
> Fineract system. Hence the system has been configured to affect the EXPENSE
> account.
> However, for non-merchant products the system should affect the ASSET account.
>
> *Acceptance Criteria*
> # User should be able to configure Buy-Down fees accounting between merchant
> and non-merchant lending (Expense or Asset) at global level.
> # Following will be the Accounting entries when non-merchant type is
> configured
>
>
> |Transaction type|DR|CR|
> |Buy Down fees|*Paramenter: Fund Source*
> *Type:ASSET*
> *GL:- cash at hand*|Parameter - Dffered Income mapping
> Type:Liability
> GL:- Defered Income|
> |Buy Down fees amortization|Paramenter: Fund Source
> Type:ASSET
> GL:- cash in hand|NEW parameter- Buy Down fees Amoritzation
> Type:Income
> GL:- Interest/fees Income|
> |Buy Down fees amortization in charge-off|Parameter - Dffered Income mapping
> Type:Liability
> GL:- Defered Income|charge-off expense/charge-off expense- bad dept
> GL:- credit loss-bad dept/credit loss-bad dept- fraud|
> |Buy Down fees Adjustment|Parameter - Dffered Income mapping
> Type:Liability
> GL:- Defered Income|*Paramenter: Fund Source*
> *Type:ASSET*
> *GL:- cash at hand*|
>
>
>
>
>
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