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From "Santosh Math (JIRA)" <j...@apache.org>
Subject [jira] [Updated] (FINERACT-353) After Repayment, Journal Entry Showing 'Interest Receivable' in stead of 'Income From Interest' For the Loan Account Having Accrual(Upfront) Type Accounting
Date Thu, 29 Dec 2016 05:20:58 GMT

     [ https://issues.apache.org/jira/browse/FINERACT-353?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
]

Santosh Math updated FINERACT-353:
----------------------------------
    Summary: After Repayment, Journal Entry Showing 'Interest Receivable' in stead of 'Income
From Interest' For the Loan Account Having Accrual(Upfront) Type Accounting  (was: After Repayment,
Journal Entry Showing 'Interest Receivable' in stead of 'Income From Interest For the Loan
Account Having Accrual(Upfront) Type Accounting)

> After Repayment, Journal Entry Showing 'Interest Receivable' in stead of 'Income From
Interest' For the Loan Account Having Accrual(Upfront) Type Accounting
> ------------------------------------------------------------------------------------------------------------------------------------------------------------
>
>                 Key: FINERACT-353
>                 URL: https://issues.apache.org/jira/browse/FINERACT-353
>             Project: Apache Fineract
>          Issue Type: Bug
>          Components: Accounting, Loan
>            Reporter: Santosh Math
>            Assignee: Markus Geiss
>            Priority: Minor
>         Attachments: incomeFromInterest.png
>
>
> Steps to Reproduce:
> 1)Create a Loan Account (Accrual Upfront enabled) for a client.
> 2) Make the first repayment on scheduled date.
> 3) Go to Scheduler Job  and run 'Add Accrual Transactions'
> 4) Go to Accounting>>Search Journal Entries. And here, with first repayment Id,
Search the journal Entries.
> >> As After first repayment is done, the journal entry should show 'Income from
Interest'. But it is showing 'Interest Receivable' .
> Check the attached file with this issue. 



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