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Posted to issues@fineract.apache.org by "Manoj Mohanan (Jira)" <ji...@apache.org> on 2021/11/05 04:35:00 UTC

[jira] [Commented] (FINERACT-1429) FD Interest Transfer Job not working properly on a backdated account

    [ https://issues.apache.org/jira/browse/FINERACT-1429?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=17439024#comment-17439024 ] 

Manoj Mohanan commented on FINERACT-1429:
-----------------------------------------

The issue is due to interest recalculation during the backdated transfer operation. When interest posting is set to period end, the transfer also falls within the period. After transfer the calculated interest is going wrong. Which leads to  an unnecessary reversal.

The proposed solution is to move transfer transaction out of the period by pushing it to t+1. This feature can be controlled by a global configuration.

> FD Interest Transfer Job not working properly on a backdated account
> --------------------------------------------------------------------
>
>                 Key: FINERACT-1429
>                 URL: https://issues.apache.org/jira/browse/FINERACT-1429
>             Project: Apache Fineract
>          Issue Type: Bug
>          Components: Savings
>    Affects Versions: 1.5.0
>            Reporter: Manoj Mohanan
>            Assignee: Shreyas S Kumar
>            Priority: Minor
>
> There is an erratic behaviour when the transfer job runs and transfers posted interest in a backdated FD account to a linked savings account.
> This happens especially when  Interest posting is set to  be in the end of period.



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