Adi, Have you had a chance to look into this at all yet? I realize it probably will require some time to delve into it and explore what solutions are needed to better support these charges
Ed On Thu, May 5, 2016 at 12:15 PM, Zayyad A. Said < [email protected]> wrote: > Hi Devs, > > > > Anyone who was able to look into this? > > > Kindly advise way forward. > > > > Regards; > > > > > > ********* > > *Zayyad A. Said | Chairman & C.E.O* > > > > Cell No.: +254 716 615274 | Skype: *zsaid2011* > > Email: [email protected] > > > > [image: Email banner] > > > > *From:* Zayyad A. Said [mailto:[email protected]] > *Sent:* 04 May 2016 19:15 > *To:* 'Sander van der Heyden'; '[email protected]' > *Cc:* 'Sangamesh N' > *Subject:* RE: Loan Fees Bug > > > > Sander, > > > > If this is how it’s been functioning for the last two years, then I must > say we have all been in darkness for quite some time. The system should not > function like this. > > > > If I charge a client in June for example, that income needs to be reported > in June which is the month the fee was charged and not before. It beats > the logic to report that income in the month when there was last payment > (say April) in the account. > > > > << If the fee is applied after the payment and no backdates are made, this > won't cause any weird bookings, but as soon as you start backdating or > adjusting older payments the reprocessing of the schedule will re-allocate > the payments like this.>> > > Please note in the sample I gave in my email, the charge was actually > applied on 1st May 2016 and paid same day after the payment of 15th April > 2016 had already been made. > > > > I strongly recommend someone to carefully analyze this situation and > propose right solution otherwise the system would not be giving right > financial reports which are key to the Financial Institutions. > > > > Regards; > > > > > > ********* > > *Zayyad A. Said | Chairman & C.E.O* > > > > Cell No.: +254 716 615274 | Skype: *zsaid2011* > > Email: [email protected] > > > > [image: Email banner] > > > > *From:* Sander van der Heyden [mailto:[email protected] > <[email protected]>] > *Sent:* 03 May 2016 22:55 > *To:* [email protected] > *Cc:* Zayyad A. Said; Sangamesh N > *Subject:* Re: Loan Fees Bug > > > > Hi Zayyad, > > > > This is not a bug, but actually existing functionality that has worked > like this at least for the last year or so. We've been educating our users > on this for quite some time. > > > > The logic behind this is very much tied to the structure in the system. > Because loan payments and charges are all linked to schedule instalments, > any loan fee that is set up as "Specified due date" is actually tied to the > loan instalment it falls into, and therefore (depending on the payment > order picked), it will be paid off as soon as the first payment 'hits' that > instalment, which in your case is that payment from earlier on. > > > > If the fee is applied after the payment and no backdates are made, this > won't cause any weird bookings, but as soon as you start backdating or > adjusting older payments the reprocessing of the schedule will re-allocate > the payments like this. > > > > I completely understand that this is seen as 'undesirable' behaviour, but > this is also quite a core bit of code around the charges, that would need > to be redesigned to change this. If this is therefore core-team development > effort, I propose to treat this as a known error / improvement and not rush > into revamping part of the charges code without also considering other > improvements (or creating bugs while solving others). But keen to hear > other thoughts on this from the other devs? > > > > Thanks, > > Sander > > > > Sander van der Heyden > > CTO Musoni Services > > Mobile (NL): +31 (0)6 14239505 > Skype: s.vdheyden > Website: musonisystem.com > Follow us on Twitter! <https://twitter.com/musonimfi> > Postal address: Hillegomstraat 12-14, office 0.09, 1058 LS, Amsterdam, > The Netherlands > > > > On Tue, May 3, 2016 at 6:50 PM, Ed Cable <[email protected]> wrote: > > Zayyad, > > > > Since this is potentially a bug in the core Fineract platform, i'm > directly the conversation to that mailing list - we'll continue the > conversation there. > > > > On Tue, May 3, 2016 at 9:43 AM, Zayyad A. Said < > [email protected]> wrote: > > Hi Devs, > > > > We seem to be having a bug on fees applied after a loan payment is done. > The fee income seem to be reported in the previous schedule when the last > payment was done. > > > > To reproduce this check out this account > https://demo3.openmf.org/#/viewloanaccount/42 (mifos/password) for client > Allen E. > > > > Two different charges were applied on 1st May 2016 i.e. Loan Extension of > 600/= and Penalty of 1000/= and were also paid same day (You can verify > from the charges tab). > > > > If you view them on Transactions tab, these fees shows to have been > collected on 15th April 2016 which was the date partial payment was done > to this loan account. > > > > This poses a very serious challenge in proper accounting of income as this > income is now reported in a different month and not the actual month when > it was charged and paid. > > > > Please look into this urgently and would appreciate if it can be a given a > top priority to have it fixed. > > > > Your feedback will be appreciated. > > > > Regards; > > > > > > ********* > > *Zayyad A. Said | Chairman & C.E.O* > > > > Cell No.: +254 716 615274 | Skype: *zsaid2011* > > Email: [email protected] > > > > > > > > > > > > -- > > *Ed Cable* > > Director of Community Programs, Mifos Initiative > > [email protected] | Skype: edcable | Mobile: +1.484.477.8649 > > > > *Collectively Creating a World of 3 Billion Maries | *http://mifos.org > <http://facebook.com/mifos> <http://www.twitter.com/mifos> > > > > > -- *Ed Cable* Director of Community Programs, Mifos Initiative [email protected] | Skype: edcable | Mobile: +1.484.477.8649 *Collectively Creating a World of 3 Billion Maries | *http://mifos.org <http://facebook.com/mifos> <http://www.twitter.com/mifos>
