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Re: Fineract, Standing Order Loan Repayment generates an extra journal entry


Hi Santosh,
The journal entry is viewable as well on UI, debit, credit, then another
debit of the same account/amount.

On Thu, Jul 26, 2018 at 9:16 AM Santosh Math <
santosh@xxxxxxxxxxxxxxxxxxxxxxx> wrote:

> Hi  Louis,
> Is this redundant journal entry  viewable on UI or it's just  creating it
> in database only?
>
> On Wed, Jul 25, 2018 at 8:50 PM, Louis Niyongabo <lniyongabo@xxxxxxxxx>
> wrote:
>
> > 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
> >
> >
> >
> >
>
>
> --
> Thanks & Regards
>
> Santosh Math
>
> *QA Engineer*
>
> *Conflux Technologies Pvt Ltd <http://www.confluxtechnologies.com/>*
> | *Office*: +91-080-41208662 |
>
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