osdir.com

[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

Fineract, Standing Order Loan Repayment generates an extra journal entry


Did anyone experience a redundant journal entry for a standing order
repaying a loan installment?

 

In the  transactions of repayment of a loan installment from a saving
account, I noticed:

1.       1 Saving Transaction in m_savings_account_transaction

2.       1 Loan Transaction in m_loan_transaction

3.       2 Journal entries in acc_gl_journal_entry:

a.       1 Saving entry: debit and credit of same liability account, but for
the same installment amount

b.      1 Loan entry: debit of the installment amount on the same liability
account against a credit of asset account (principal) and income account
(interest)

 

Did I miss something in the product/standing order setup or the first
journal saving entry is a requirement by Fineract?

 

Thanks,

 

Louis