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From Santosh Math <>
Subject Re: Penalties generated late
Date Thu, 09 Mar 2017 02:45:22 GMT
Hi Lionel,
Sorry for delayed reply. I reproduced your issue. You can rise Jira as


On Mar 7, 2017 1:55 AM, "Lionel Raymundi - Poincenot" <>

> Hi guys,
> We have noticed that penalty charges are being generated one day late for
> some cases. For example:
> .- Lets suppose the due date of an installment is on march the 5th.
> .- Overdue penalty is configured as 1% of installment interest, charged
> daily.
> .- System configuration has Grace on Penalty posting = 0 and
> penalty-wait-period = 0
> .- Run the Apply penalties to Overdued Loans job.
> .- Today is march the 7th, so I would expect to see penalties on that
> installment on the repayment schedule considering the following:
> a) Client didn't pay On march 5th. One penalty charge should be generated.
> b) Client didn't pay On march 6th. Two penalty charges should be generated.
> .- I would also expect to see the charge generated with due as of date 05
> and 06 March 2017 under "Charges" tab. But I only see one penalty, as of
> 05.
> A shorter version of this would be: If I run the job on the N day, y would
> expect to see charges until N-1 (the day before N). But I see only charges
> generated until N-2 (Two days before).
> I know that maybe the tenant timezone and the computer where fineract is
> running the demo version can be different, but I tested it on my local
> environment with all timezones set correctly and noticed this behaviour. Is
> this a bug or is it working as expected?
> Let me know if I was not clear enough...
> Thanks
> Lionel

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