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


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 |

*Address*: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block,
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