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Date: Fri, 17 Mar 2017 10:25:41 +0000 (UTC)
From: "Santosh Math (JIRA)" <jira@apache.org>
To: dev@fineract.incubator.apache.org
Message-ID: <JIRA.13049607.1489066210000.47828.1489746341896@Atlassian.JIRA>
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Subject: [jira] [Commented] (FINERACT-418) Penalties should be calculated
 until yesterday
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archived-at: Fri, 17 Mar 2017 10:25:49 -0000


    [ https://issues.apache.org/jira/browse/FINERACT-418?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=15929709#comment-15929709 ] 

Santosh Math commented on FINERACT-418:
---------------------------------------

[~lionel.raymundi], If previous penalties are not paid ,let's say, 01 Feb and 01 March are not paid then on 01 April, it should display summation of both charges rather than individual charges(in my opinion).

> 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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