[jira] [Created] (FINERACT-2330) Buy Down fees Accounting for non-merchant module

["Bharath Gowda (Jira)" <ji...@apache.org>]

Bharath Gowda created FINERACT-2330:
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             Summary: Buy Down fees Accounting for non-merchant module
                 Key: FINERACT-2330
                 URL: https://issues.apache.org/jira/browse/FINERACT-2330
             Project: Apache Fineract
          Issue Type: Improvement
    Affects Versions: 1.10.1
            Reporter: Bharath Gowda


h3. Background and Details

BuyDown fees implemented at FINERACT-2311 is currently configured to support merchant lending where merchant related accounting is handling outside Fineract system. Hence the system has been configured to affect the EXPENSE account.

However, for non-merchant products the system should affect the ASSET account.

 
*Acceptance Criteria*
 # User should be able to configure Buy-Down fees accounting between merchant and non-merchant lending (Expense or Asset) at global level.

 # Following will be the Accounting entries when non-merchant type is configured
 
 
|Transaction type|DR|CR|
|Buy Down fees|*Paramenter: Fund Source*
*Type:ASSET*
*GL:- cash at hand*|Parameter - Dffered Income mapping 
Type:Liability
GL:- Defered Income|
|Buy Down fees amortization|Paramenter: Fund Source
Type:ASSET
GL:- cash in hand|NEW parameter- Buy Down fees Amoritzation
Type:Income
GL:- Interest/fees Income|
|Buy Down fees amortization in charge-off|Parameter - Dffered Income mapping 
Type:Liability
GL:- Defered Income|charge-off expense/charge-off expense- bad dept
GL:- credit loss-bad dept/credit loss-bad dept- fraud|
|Buy Down fees Adjustment|Parameter - Dffered Income mapping 
Type:Liability
GL:- Defered Income|*Paramenter: Fund Source*
*Type:ASSET*
*GL:- cash at hand*|
 
 
 

 

 



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