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From "Santosh Math (JIRA)" <>
Subject [jira] [Updated] (FINERACT-513) Reverse Overdue Charges Application
Date Mon, 28 Aug 2017 05:55:00 GMT


Santosh Math updated FINERACT-513:
    Labels: p1  (was: )

> Reverse Overdue Charges Application
> -----------------------------------
>                 Key: FINERACT-513
>                 URL:
>             Project: Apache Fineract
>          Issue Type: Improvement
>          Components: Charges, Loan, System
>    Affects Versions: 1.0.0, 1.1.0
>            Reporter: Adriana Pinto
>            Assignee: Markus Geiss
>              Labels: p1
>             Fix For: 1.0.0, 1.1.0
>         Attachments: FINERACT-513.pdf
> We've been working on having a complete functionality of our approach, but we got an
issue at the moment of applying overdue charges when running the job:
> Is there any workaround to reverse the overdue charges application?
> This is necessary, because the overdue charges are being applied daily, but if the repayment
is made before applying the charges, but it is not registered at the system, we need to reverse
the calculation and "remove" this charges from the final outstanding.
> +*Current Business behaviour*+: When the client makes a repayment, it might not be registered
in the system until some days or weeks later, then the overdue charges if are applied daily,
have to be reversed from de current date until the date the repayment was done.
> Then, it is the approach we are looking for.
> We had already figured out the "Waiving charges" process, but  it would work better if
there was a job doing the contrary process of applying overdue charges, like "Reverse overdue
charges" by date or any moment in a specified time.
> **The attachment (FINERACT-513.pdf) shows the funtionality in a more specific way.

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