Emmanuel Nnaa created FINERACT-95:
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Summary: Reversal of interest accrued for NPAs
Key: FINERACT-95
URL: https://issues.apache.org/jira/browse/FINERACT-95
Project: Apache Fineract
Issue Type: New Feature
Reporter: Emmanuel Nnaa
Assignee: Markus Geiss
any income accrued on loans classified as non-performing (normally 30 days),
should be reversed using the following booking:
Dr. Interest Income
Cr. Suspended Interest
Whenever a loan that was non-performing starts repayment on time and is
therefore no longer non-performing, then the Suspended Interest should be
booked back into the Interest Income Account.
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