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From: Sander van der Heyden <sandervanderheyden@musoni.eu>
Date: Tue, 3 May 2016 21:54:43 +0200
Message-ID: <CAE4VZ0ipiJgyUo=_7JfN97ZjsUZndXJq7ZeY8V3Z+yATfb8ZRQ@mail.gmail.com>
Subject: Re: Loan Fees Bug
To: dev@fineract.incubator.apache.org
Cc: "Zayyad A. Said" <zayyad@intrasofttechnologies.com>,
	Sangamesh N <sangamesh@confluxtechnologies.com>
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archived-at: Tue, 03 May 2016 19:55:11 -0000

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Hi Zayyad,

This is not a bug, but actually existing functionality that has worked like
this at least for the last year or so. We've been educating our users on
this for  quite some time.

The logic behind this is very much tied to the structure in the system.
Because loan payments and charges are all linked to schedule instalments,
any loan fee that is set up as "Specified due date" is actually tied to the
loan instalment it falls into, and therefore (depending on the payment
order picked), it will be paid off as soon as the first payment 'hits' that
instalment, which in your case is that payment from earlier on.

If the fee is applied after the payment and no backdates are made, this
won't cause any weird bookings, but as soon as you start backdating or
adjusting older payments the reprocessing of the schedule will re-allocate
the payments like this.

I completely understand that this is seen as 'undesirable' behaviour, but
this is also quite a core bit of code around the charges, that would need
to be redesigned to change this. If this is therefore core-team development
effort, I propose to treat this as a known error / improvement and not rush
into revamping part of the charges code without also considering other
improvements (or creating bugs while solving others). But keen to hear
other thoughts on this from the other devs?

Thanks,
Sander


Sander van der Heyden

CTO Musoni Services


Mobile (NL): +31 (0)6 14239505
Skype: s.vdheyden
Website: musonisystem.com
Follow us on Twitter!  <https://twitter.com/musonimfi>
Postal address: Hillegomstraat 12-14, office 0.09, 1058 LS, Amsterdam,
The Netherlands

On Tue, May 3, 2016 at 6:50 PM, Ed Cable <edcable@mifos.org> wrote:

> Zayyad,
>
> Since this is potentially a bug in the core Fineract platform, i'm
> directly the conversation to that mailing list - we'll continue the
> conversation there.
>
> On Tue, May 3, 2016 at 9:43 AM, Zayyad A. Said <
> zayyad@intrasofttechnologies.com> wrote:
>
>> Hi Devs,
>>
>>
>>
>> We seem to be having a bug on fees applied after a loan payment is done.
>> The fee income seem to be reported in the previous schedule when the last
>> payment was done.
>>
>>
>>
>> To reproduce this check out this account
>> https://demo3.openmf.org/#/viewloanaccount/42 (mifos/password) for
>> client Allen E.
>>
>>
>>
>> Two different charges were applied on 1st May 2016 i.e. Loan Extension
>> of 600/= and Penalty of 1000/= and were also paid same day (You can verify
>> from the charges tab).
>>
>>
>>
>> If you view them on Transactions tab, these fees shows to have been
>> collected on 15th April 2016 which was the date  partial payment was
>> done to this loan account.
>>
>>
>>
>> This poses a very serious challenge in proper accounting of income as
>> this income is now reported in a different month and not the actual month
>> when it was charged and paid.
>>
>>
>>
>> Please look into this urgently and would appreciate if it can be a given
>> a top priority to have it fixed.
>>
>>
>>
>> Your feedback will be appreciated.
>>
>>
>>
>> Regards;
>>
>>
>>
>>
>>
>> *********
>>
>> *Zayyad A. Said | Chairman & C.E.O*
>>
>>
>>
>> Cell No.: +254 716 615274 | Skype: *zsaid2011*
>>
>> Email: zayyad@intrasofttechnologies.com
>>
>>
>>
>> [image: Email banner]
>>
>>
>>
>
>
>
> --
> *Ed Cable*
> Director of Community Programs, Mifos Initiative
> edcable@mifos.org | Skype: edcable | Mobile: +1.484.477.8649
>
> *Collectively Creating a World of 3 Billion Maries | *http://mifos.org
> <http://facebook.com/mifos>  <http://www.twitter.com/mifos>
>
>

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