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  1. Apache Fineract
  2. FINERACT-239

Ability to adjust Principal and Interest as a super user

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    Details

    • Type: Improvement
    • Status: Open
    • Priority: Major
    • Resolution: Unresolved
    • Affects Version/s: None
    • Fix Version/s: None
    • Component/s: Loan

      Description

      https://mifosforge.jira.com/browse/MIFOSX-2518

      This should allow you to make adjustments on the principal and/or interest balances of a loan account for correction purposes. The adjustment process should always be a voucher transaction not cash and should be fixed by default.

      Credit Principal. This allows you to correct an erroneous posting of disbursement, whether a wrong amount was posted for the disbursement or it was posted to a wrong account.

      Debit Principal. This allows you to correct an erroneous posting of a repayment, whether a wrong amount was posted or it was posted to a wrong account.

      *Credit Accrual. *This allows you to correct erroneous posting of loan accruals—interest, penalties and charges—to an account or to waive penalties. This is also used to reduce accruals whenever there was a delay in the posting of a repayment.

      Debit Accrual. This allows you to apply loan accruals—interest, penalties and charges—to an account in cases of repayment cancellation. This is particularly necessary if the cancellation occurred after the day that the repayment was posted

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            • Assignee:
              mgeiss Markus Geiss
              Reporter:
              dharp@mifos.org Dayna Harp
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              Dates

              • Created:
                Updated: