[FINERACT-353] After Repayment, Journal Entry Showing 'Interest Receivable' in stead of 'Income From Interest' For the Loan Account Having Accrual(Upfront) Type Accounting

• Type: Bug
• Status: Closed
• Priority: Minor
• Resolution: Auto Closed
• Component/s: Accounting, Loan
• Labels: Cleanup2022 p2
• Assignee: Unassigned
• Reporter: Santosh Math
• Created: 29/Dec/16 05:19
• Updated: 07/Nov/22 18:11
• Resolved: 07/Nov/22 18:11

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.