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Posted to dev@fineract.apache.org by "Emmanuel Nnaa (JIRA)" <ji...@apache.org> on 2016/03/21 14:53:25 UTC

[jira] [Created] (FINERACT-95) Reversal of interest accrued for NPAs

Emmanuel Nnaa created FINERACT-95:
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             Summary: Reversal of interest accrued for NPAs
                 Key: FINERACT-95
                 URL: https://issues.apache.org/jira/browse/FINERACT-95
             Project: Apache Fineract
          Issue Type: New Feature
            Reporter: Emmanuel Nnaa
            Assignee: Markus Geiss


any income accrued on loans classified as non-performing (normally 30 days), should be reversed using the following booking:
Dr. Interest Income
Cr. Suspended Interest
Whenever a loan that was non-performing starts repayment on time and is therefore no longer non-performing, then the Suspended Interest should be booked back into the Interest Income Account.



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