[
https://issues.apache.org/jira/browse/FINERACT-789?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
]
Santosh Math updated FINERACT-789:
----------------------------------
Fix Version/s: 1.4.0
> Wrong Journal Entry Posting on Disburse to savings.
> ---------------------------------------------------
>
> Key: FINERACT-789
> URL: https://issues.apache.org/jira/browse/FINERACT-789
> Project: Apache Fineract
> Issue Type: Bug
> Components: Loan
> Affects Versions: Backlog, 1.3.1
> Environment: All
> Reporter: Nyota Macharia
> Priority: Critical
> Fix For: 1.4.0
>
>
> When a loan with a fee charged at disbursement is disbursed to savings the
> the journal entries happen as follows: Eg. Loan of 50,000 with 1% processing
> fees charged at disbursement.
> # Loan Portfolio is debited by by 50,000. This is okay.
> # Liability Transfer is credited by 50,000. This is okay.
> # Fee income is credited with 500. This is okay.
> # Loan fund source is debit with 500. This is the error, Liability Transfer
> should be debited.
> # Savings Portfolio is credited with 49,500. This is okay.
> # Liability transfer is debited with 49,500. this is okay.
> As you can see the end result is that liability transfer is left with a
> balance with in fact it is a control account.
>
--
This message was sent by Atlassian Jira
(v8.3.4#803005)
