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From "Lionel Raymundi (JIRA)" <j...@apache.org>
Subject [jira] [Created] (FINERACT-418) Penalties should be calculated until yesterday
Date Thu, 09 Mar 2017 13:30:38 GMT
Lionel Raymundi created FINERACT-418:
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             Summary: Penalties should be calculated until yesterday
                 Key: FINERACT-418
                 URL: https://issues.apache.org/jira/browse/FINERACT-418
             Project: Apache Fineract
          Issue Type: Improvement
            Reporter: Lionel Raymundi
            Assignee: Markus Geiss


If the Apply Penalties to Overdued loans job is run on the N day, and considering that system
properties Grace on Penalty posting = 0 and penalty-wait-period = 0, then charges should be
generated until N-1 (the day before N). But I see only charges generated until N-2 (Two days
before).

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.





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