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  1. Apache Fineract
  2. FINERACT-1982

Handling of leap year in daily charge accrual when we want to setup charge on percentage basis and with annual value of amount

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    • Improvement
    • Status: Open
    • Major
    • Resolution: Unresolved
    • None
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    • Charges
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    Description

      Right now when we create charges in loan account the only option is to create charge by putting daily value for daily frequency charges. So e.g. If I want to apply late payment interest on a loan account which is say 25% annually in my loan terms. I would like to accrue it as 25%/365 for year 2023 and 25%/366 for year 2024. Same as we do in interest by providing days in year type. But this functionality is not available in the current system. 

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            Unassigned Unassigned
            ashu5398 Ashutosh
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              Created:
              Updated: