[FINERACT-688] Periodic Accrual accounting: Accrue fees when paid

• Type: Improvement
• Status: Open
• Priority: Major
• Resolution: Unresolved
• Affects Version/s: 1.1.0
• Component/s: Loan
• Labels: Roadmap2022
• Assignee: Unassigned
• Reporter: sapana
• Created: 01/Jan/19 09:58
• Updated: 03/Nov/22 12:58

Description

As per periodic accrual accounting method, charges are accrued when they become due. Ideally, as per standard industry practice, charges should accrue when borrower actually pays them, not prior to that.