adamsaghy commented on PR #6554: URL: https://github.com/apache/fineract/pull/6554#issuecomment-6148581171
@budaidev I think we should recognize the income the moment there was a repayment, we should not do it only at "due dates": ## Fee recognised at the next due date: confirmed **Example: borrower pays 1,500 on 2026-01-10, mid-period** The payment is placed on the row due 2026-02-01, which shows 253.14 of fee earned. The COB fee step books the earned fee from rows dated on or before the business date: | Business date | Fee earned so far | |---|---| | 2026-01-10 (payment day) | 0 | | 2026-01-20 | 0 | | 2026-01-31 | 0 | | 2026-02-01 | **253.14** | So cash collected on Jan 10 produces no income until Feb 1. If the books close on Jan 31, January shows the cash and no income from it. On a daily schedule the same payment earns 269.36 on Jan 10 itself. The amounts differ because a daily loan prices at a different EIR (46.85% against 39.50% monthly); the difference that matters is the date the income is booked. -- This is an automated message from the Apache Git Service. To respond to the message, please log on to GitHub and use the URL above to go to the specific comment. To unsubscribe, e-mail: [email protected] For queries about this service, please contact Infrastructure at: [email protected]
