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  1. Apache Fineract
  2. FINERACT-353

After Repayment, Journal Entry Showing 'Interest Receivable' in stead of 'Income From Interest' For the Loan Account Having Accrual(Upfront) Type Accounting

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    Details

    • Type: Bug
    • Status: Open
    • Priority: Minor
    • Resolution: Unresolved
    • Affects Version/s: None
    • Fix Version/s: None
    • Component/s: Accounting, Loan
    • Labels:

      Description

      Steps to Reproduce:
      1)Create a Loan Account (Accrual Upfront enabled) for a client.

      2) Make the first repayment on scheduled date.

      3) Go to Scheduler Job and run 'Add Accrual Transactions'

      4) Go to Accounting>>Search Journal Entries. And here, with first repayment Id, Search the journal Entries.
      >> As After first repayment is done, the journal entry should show 'Income from Interest'. But it is showing 'Interest Receivable' .
      Check the attached file with this issue.

        Attachments

        1. incomeFromInterest.png
          13 kB
          Santosh Math

          Activity

            People

            • Assignee:
              mgeiss Markus Geiss
              Reporter:
              santoshmath Santosh Math
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              Dates

              • Created:
                Updated: