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