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https://issues.apache.org/jira/browse/FINERACT-2184?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Adam Saghy closed FINERACT-2184.
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Resolution: Abandoned
> Saving Amount Compounding Balance Case
> --------------------------------------
>
> Key: FINERACT-2184
> URL: https://issues.apache.org/jira/browse/FINERACT-2184
> Project: Apache Fineract
> Issue Type: New Feature
> Components: Savings
> Affects Versions: 1.5.0
> Reporter: Mr.Htoo Aunt Shein
> Priority: Critical
>
> how to solve my problem in saving account. I will explain my case first. our
> year end is 31st march and a new year begin on April 1st. the interest
> calculation till April is correct. but from may onwards, the interest should
> be calculated on the amount of April that already posted for April. before
> April the interest is calculated on the principle. my problem is from May
> onwards, the interest did not calculate from the April amount. it take all
> the compounded interest starting from the account open plus the latest
> principle. how to solve for the interest calculation from may onwards. but if
> there is withdrawals and another principle, it should be calculated on
> principle. you would know that I think.
> Another thing is, all the transactions had been made and also some account
> did their withdrawals on the wrong amount. so that if the interest
> calculation is correct, that would be some amount that they over withdrawals.
> that's why there may be minus in their account and that would occur
> overdraft. if another principle adds, that overdraft went to less the
> principle amount. how to solve these problems.
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