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https://issues.apache.org/jira/browse/FINERACT-2909?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Abhishek Chaudhary updated FINERACT-2909:
-----------------------------------------
Component/s: Accounting
Savings
Affects Version/s: 1.13.0
Issue Type: Bug (was: Improvement)
> Post Interest For Savings job credits the overdraft portion of an interest
> posting to Savings Control
> -----------------------------------------------------------------------------------------------------
>
> Key: FINERACT-2909
> URL: https://issues.apache.org/jira/browse/FINERACT-2909
> Project: Apache Fineract
> Issue Type: Bug
> Components: Accounting, Savings
> Affects Versions: 1.13.0
> Reporter: Abhishek Chaudhary
> Priority: Major
>
> When the *Post Interest For Savings* job posts interest on a savings account
> that is overdrawn at the posting date, part of the interest pays down the
> overdraft. The job already calculates that part (stored as
> {{overdraft_amount_derived}}) but ignores it when booking, and credits the
> whole amount to Savings Control. The manual path splits it.
> *Manual path* ({{CashBasedAccountingProcessorForSavings}},
> {{AccrualBasedAccountingProcessorForSavings}}):
> * overdraft part: debit Interest on Savings, credit Overdraft Portfolio
> Control
> * rest: debit Interest on Savings, credit Savings Control
> *Job* ({{SavingsSchedularInterestPoster.batchUpdateJournalEntries}}): one
> debit/credit pair for the full amount, crediting Savings Control.
> *Impact*
> Overdraft Portfolio Control is not reduced by the interest that paid down the
> overdraft, and Savings Control is overstated by the same amount, so the GL no
> longer matches the savings balances. Affects cash-based and accrual products.
> *Steps to reproduce*
> # Savings product with overdraft allowed, a positive interest rate and
> accounting enabled.
> # Deposit, let interest accrue, then withdraw into overdraft before the
> posting date.
> # Run the Post Interest For Savings job and compare the interest posting's
> journal entries with a manual posting.
> *Open point*
> For accrual products, the processor's split debits Interest on Savings, while
> a normal accrual interest posting debits Interest Payable. The expected
> accrual debit should be confirmed before fixing.
> Found while reviewing FINERACT-2705 (PR #6174).
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