[jira] [Updated] (FINERACT-2123) Incorrect Accural Accounting for Refund For Active Loan

["Adam Saghy (Jira)" <ji...@apache.org>]

     [ https://issues.apache.org/jira/browse/FINERACT-2123?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ]

Adam Saghy updated FINERACT-2123:
---------------------------------
    Labels: beginner-friendly  (was: )

> Incorrect Accural Accounting for Refund For Active Loan
> -------------------------------------------------------
>
>                 Key: FINERACT-2123
>                 URL: https://issues.apache.org/jira/browse/FINERACT-2123
>             Project: Apache Fineract
>          Issue Type: Bug
>          Components: Accounting
>    Affects Versions: 1.10.0, 1.11.0, 1.12.1
>            Reporter: Steve Broughton
>            Priority: Major
>              Labels: beginner-friendly
>         Attachments: Fix_incorrect_GL_entries_which_were_being_generated_on_refund_of_active_loan.patch, image-2024-09-23-15-51-39-624.png
>
>   Original Estimate: 1h
>  Remaining Estimate: 1h
>
> The refund for active loan transaction is incorrectly accounted for on a cash basis when the product is configured for accrual accounting.
>  
> Fault is in:
> AccrualBasedAccountingProcessorForLoan.createJournalEntriesForRefundForActiveLoan method
>  
> When the credit entries are created they use income accounts instead of receivable accounts. This would be correct only for cash basis accounting only. Accrual accounting requires that these amounts come from the receivable accounts.
>  
> *Steps to reproduce*
> 1. Overpay a loan
> 2. Perform a refund
> 3. Examine the GL entries
>  
>  
>  



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