[jira] [Resolved] (FINERACT-2104) Accrual Activity Posting on Installment date

["Mihaly Dallos (Jira)" <ji...@apache.org>]

     [ https://issues.apache.org/jira/browse/FINERACT-2104?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ]

Mihaly Dallos resolved FINERACT-2104.
-------------------------------------
    Resolution: Fixed

> Accrual Activity Posting on Installment date
> --------------------------------------------
>
>                 Key: FINERACT-2104
>                 URL: https://issues.apache.org/jira/browse/FINERACT-2104
>             Project: Apache Fineract
>          Issue Type: Improvement
>            Reporter: Bharath Gowda
>            Assignee: Mihaly Dallos
>            Priority: Major
>             Fix For: 1.11.0
>
>         Attachments: accrual activity scenarios v4 (1).xlsx
>
>
> *Background and Details*
> Currently Fineract posts accrual for loan accounts based on two jobs. post accrual transactions and post periodic accrual.
> One job posts accruals as of Installment date and the other posts as on the run date
> but with the available configurations we cannot have split of accrual posting as of the Installment date with daily accrual postings.
> Hence we are posting a monthly accrual activity that posts Installment wise accrual that is being calculated as of that installment
> *Acceptance Criteria*
>  # System should have a new non-monetary transaction type named accrual activity transaction
>  # The transaction will be posted on the Installment due_date for Installment’s INCOME portion amount
>  ## Example: Interest, fees and Penalties Income portions
>  # A job +business step is required to support this functionality
>  ## Job + business step to support this functionality!
>  # Transaction will be posted only for the active loans as on Installment due-date only
>  ## If a Loan in pre-closed - one entry will be posted as of the last transaction date
>  ## If the pre-closed loan is re-opened again (due to new disbursement or chargeback) the accrual activity should be created for the next installments till current date ( interest amount to be calculated from previously posted accrual activity on the earlier preclose date)
>  # The transaction will be reverse and replayed when ever the INCOME portion amount is changed during schedule recalculations- like any other transaction
>  ## example reversal of an older repayment
>  # System should store/send both previous and new INCOME portion values during reverse and replay
>  # Transaction will have no Accounting entries, no affect on balances or on repayment schedule changes
>  # Configuration at loan product level is required for enabling or disabling this transaction posting
> Usecases attached below
>  



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