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https://issues.apache.org/jira/browse/FINERACT-418?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=15929920#comment-15929920
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Lionel Raymundi commented on FINERACT-418:
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[~santoshmath] I see what you mean, but it is not the issue I've been working
on. This is the typical behavior of fineract, as it creates a penalty charge
for each installment overdue and for each period defined in the charge
configuration. Of course, if you see the installment plan, you will find the
sum of all the charges that apply to the same installment.
The only modification I made, is that the penalty charge creation is not
delayed one day. If that is ok, I will create the pull request for you to check
> 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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