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From "Ippez Roberts (JIRA)" <j...@apache.org>
Subject [jira] [Commented] (FINERACT-513) Reverse Overdue Charges Application
Date Mon, 28 Aug 2017 06:21:00 GMT

    [ https://issues.apache.org/jira/browse/FINERACT-513?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=16143415#comment-16143415
] 

Ippez Roberts commented on FINERACT-513:
----------------------------------------

*[From my previous comment]

I have realized a case or two with waiving overdue charges too. When you waive these charges
and a client finishes his/her loan [obligation met], the loan status is closed which is right
but now when you view this client's loan statement report provided as pentaho report you will
find there is a balance running for this closed in the  report which i have realized as the
total amount of the waived charges. - Need changes in Pentaho Report for loan account statement

NB: In my thinking, when you waive a charge, it should reduce the overdue amount but its should
not be registered as an income for the MFI. 

Two, Indeed when charges accumulate, they become hard to waive one by one. So am suggesting
that the waive button in the community-app should not apply or be shown to all overdue charge
rows in the table but rather make it one for all such that when someone clicks on this button,
then it should bring up a page where the staff can enter the amount he/she wants to adjust/waive
off. Then at the back-end the system can either split this lump some amount into their respective
overdue charges and waived them individually or some bulk waiving can be done logically?

All in all, some work need to be done here with overdue charges waiving - Batch Waive should
be done. 

> Reverse Overdue Charges Application
> -----------------------------------
>
>                 Key: FINERACT-513
>                 URL: https://issues.apache.org/jira/browse/FINERACT-513
>             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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