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Posted to issues@fineract.apache.org by "Ed Cable (Jira)" <ji...@apache.org> on 2019/11/12 03:07:00 UTC
[jira] [Updated] (FINERACT-789) Wrong Journal Entry Posting on
Disburse to savings.
[ https://issues.apache.org/jira/browse/FINERACT-789?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ]
Ed Cable updated FINERACT-789:
------------------------------
Fix Version/s: (was: 1.4.0)
1.5.0
> 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: 1.3.1
> Environment: All
> Reporter: Nyota Macharia
> Priority: Critical
> Labels: p1
> Fix For: 1.5.0
>
>
> 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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