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Posted to issues@fineract.apache.org by "Nyota Macharia (Jira)" <ji...@apache.org> on 2019/08/22 13:03:00 UTC

[jira] [Created] (FINERACT-789) Wrong Journal Entry Posting on Disburse to savings.

Nyota Macharia created FINERACT-789:
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             Summary: Wrong Journal Entry Posting on Disburse to savings.
                 Key: FINERACT-789
                 URL: https://issues.apache.org/jira/browse/FINERACT-789
             Project: Apache Fineract
          Issue Type: Bug
          Components: Loan
    Affects Versions: 1.2.0, 1.3.0, 1.4.0, Backlog, 1.5.0, 1.3.1
         Environment: All
            Reporter: Nyota Macharia


When a loan with a fee charged at disbursement is disbursed to savings the the journal entries happen as follows:  Eg. Loan of 50,000 with 1% processing fees charged at disbursement.
 # Loan Portfolio is debited by by 50,000. This is okay.
 # Liability Transfer is credited by 50,000. This is okay.
 # Fee income is credited with 500. This is okay.
 # Loan fund source is debit with 500. This is the error, Liability Transfer should be debited.
 # Savings Portfolio is credited with 49,500. This is okay.
 # Liability transfer is debited with 49,500. this is okay.

As you can see the end result is that liability transfer is left with a balance with in fact it is a control account.

 



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