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From "Santosh Math (JIRA)" <j...@apache.org>
Subject [jira] [Created] (FINERACT-312) For Loan with interest recalculation periodic accrual with respect to current date is not getting modified after repayment in Transaction page
Date Tue, 20 Dec 2016 03:58:58 GMT
Santosh Math created FINERACT-312:
-------------------------------------

             Summary: For Loan with interest recalculation periodic accrual with respect to
current date is not getting modified after repayment in Transaction page
                 Key: FINERACT-312
                 URL: https://issues.apache.org/jira/browse/FINERACT-312
             Project: Apache Fineract
          Issue Type: Bug
            Reporter: Santosh Math
            Assignee: Markus Geiss


Reported by Subramanya at https://mifosforge.jira.com/browse/MIFOSX-2119

Original Description:
1. Create a loan product with following datasets:
Principal: 10000, no. of Installments: 12, repaid every 1 month, Nominal interest rate: 1%pm,Amortization:
Equal installments, Interest Method: Declining Balance, Interest Calculation Period: Same
as repayment period,Repayment Strategy:RBI (India),Recalculate Interest: Yes,Advance payments
adjustment type: Reduce number of installments, Pre-closure interest calculation rule: Calculate
till pre closure date, Interest recalculation compounding on:None, Frequency for recalculate
Outstanding Principal: Same as repayment period, with accounting enabled for periodic accrual.
2. Submit new loan application for a client on 01 March 2015 approve and disburse on same
date.
3. Click on Admin -> system -> Scheduler job - run scheduler job "Add Periodic Accrual
Transactions".
4. Navigate back to Transactions page and verify the accrued interest as on current date.
5. Make first repayment on exact due date then verify the transaction page the accrued interest
as on current date is not modified.
> The accrued interest as on current date is not getting modified even after multiple repayments.

Please refer the screen shot attached.



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