[jira] [Created] (FINERACT-1350) System is creating a incorrect entry in the repayment schedule on performing a bulk posting towards more than 1 overdue EMI

["Vikranth Ramasami (Jira)" <ji...@apache.org>]

Vikranth Ramasami created FINERACT-1350:
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             Summary: System is creating a incorrect entry in the repayment schedule on performing a bulk posting towards more than 1 overdue EMI
                 Key: FINERACT-1350
                 URL: https://issues.apache.org/jira/browse/FINERACT-1350
             Project: Apache Fineract
          Issue Type: Bug
          Components: Loan
            Reporter: Vikranth Ramasami
         Attachments: Issue_Screenshot_Repayment.docx

Steps To Reproduce:
 * Create a lease with 12 payments, which is having the repayment strategy - Interest, Principal, Penalties, Fees Order
 * Repayment on 1st of every month
 * First repayment date = 1st February 2021
 * Current date = 30th April 2021
 * EMI amount = 14578
 * perform a repayment with the transaction date as 30th April 2021 with the transaction amount as 20,000

 

Actual Behavior:

System is clearing the complete 01st February 2021 installment and partially clearing the 01st March 2021 Interest but it is creating a installment on 30th April 2021 with principal 0 and interest amount for the 29 days and the 1st may installment is adjusted with the interest amount of 1 day

 

Expected Behavior:

System on performing a repayment should clear the EMI of 1st February 2021 and Partial interest of 1st march 2021 and it should not create a new installment.

 

CC [~avikg] , [~fynmanoj]



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