Ramya,
I will try to respond to the best of my knowledge but will let Natalia
respond more thoroughly.
1) What is Misc Penalty and difference between Penalty and Misc Penalty
>
Penalty refers to automatically calculated late penalties. Misc Penalty
refers one-time penalty that is manually applied.
>
> 2) Penalty transactions are not reflected in Accounting.
> For example,
> Am doing late payment of 10000 which includes
> 7000 - Principal
> 2500 - Interest
> 200 - Fees
> 300 - Penalty
> In this all the transactions have entries in financial transaction
> table but not penalty.
> Can anyone tell me the reason??
>
This sounds like this could potentially be a bug that I will let Natalia
try to reproduce and confirm. I wanted to clarify and make sure that the
automatic penalty on the late installment has been assessed though. So the
batch jobs have run and a automatic late penalty has been assessed on the
installment - your issue is upon payment where the penalty transaction is
not showing up in the financial transactions table.
Thanks,
Ed
>
> Thanks,
> Ramya Baskar.
>
>
>
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