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From "Lionel Raymundi (JIRA)" <j...@apache.org>
Subject [jira] [Commented] (FINERACT-418) Penalties should be calculated until yesterday
Date Thu, 16 Mar 2017 13:31:41 GMT

    [ https://issues.apache.org/jira/browse/FINERACT-418?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=15928027#comment-15928027
] 

Lionel Raymundi commented on FINERACT-418:
------------------------------------------

Yes, there are many penalties for each month. For this particular loan I've never made a repayment,
so I think it is expected to have all this charges, isn't it?

> Penalties should be calculated until yesterday
> ----------------------------------------------
>
>                 Key: FINERACT-418
>                 URL: https://issues.apache.org/jira/browse/FINERACT-418
>             Project: Apache Fineract
>          Issue Type: Improvement
>          Components: Loan
>            Reporter: Lionel Raymundi
>            Assignee: Markus Geiss
>              Labels: p2
>         Attachments: tests_with_modified_penalties_calculation_process.odt, tests_with_monthly_penalties.ods
>
>
> 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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