FINERACT-2356: Fix incorrect accounting during write-off in case the loan was already charged-off
This commit is contained in:
committed by
Adam Saghy
parent
567e1c9800
commit
b9564f806b
@@ -60,8 +60,64 @@
|
||||
| Close (as written-off) | 650.0 | 650.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
||||
Then Admin fails to undo "1"th transaction made on "29 January 2023"
|
||||
|
||||
@TestRailId:C4006
|
||||
Scenario: Verify accounting during Write-off when loan was already charged-off
|
||||
When Admin sets the business date to "1 January 2023"
|
||||
And Admin creates a client with random data
|
||||
When Admin creates a fully customized loan with the following data:
|
||||
| LoanProduct | submitted on date | with Principal | ANNUAL interest rate % | interest type | interest calculation period | amortization type | loanTermFrequency | loanTermFrequencyType | repaymentEvery | repaymentFrequencyType | numberOfRepayments | graceOnPrincipalPayment | graceOnInterestPayment | interest free period | Payment strategy |
|
||||
| LP1_INTEREST_FLAT | 1 January 2023 | 1000 | 12 | FLAT | SAME_AS_REPAYMENT_PERIOD | EQUAL_INSTALLMENTS | 3 | MONTHS | 1 | MONTHS | 3 | 0 | 0 | 0 | PENALTIES_FEES_INTEREST_PRINCIPAL_ORDER |
|
||||
And Admin successfully approves the loan on "1 January 2023" with "1000" amount and expected disbursement date on "1 January 2023"
|
||||
And Admin successfully disburse the loan on "1 January 2023" with "1000" EUR transaction amount
|
||||
And Admin adds an NSF fee because of payment bounce with "1 January 2023" transaction date
|
||||
When Admin sets the business date to "22 February 2023"
|
||||
And Admin adds a 10 % Processing charge to the loan with "en" locale on date: "22 February 2023"
|
||||
And Admin does charge-off the loan on "22 February 2023"
|
||||
Then Loan marked as charged-off on "22 February 2023"
|
||||
Then Loan status will be "ACTIVE"
|
||||
Then Loan Transactions tab has a "DISBURSEMENT" transaction with date "01 January 2023" which has the following Journal entries:
|
||||
| Type | Account code | Account name | Debit | Credit |
|
||||
| ASSET | 112601 | Loans Receivable | 1000.0 | |
|
||||
| LIABILITY | 145023 | Suspense/Clearing account | | 1000.0 |
|
||||
Then Loan Transactions tab has a "CHARGE_OFF" transaction with date "22 February 2023" which has the following Journal entries:
|
||||
| Type | Account code | Account name | Debit | Credit |
|
||||
| ASSET | 112601 | Loans Receivable | | 1000.0 |
|
||||
| ASSET | 112603 | Interest/Fee Receivable | | 143.0 |
|
||||
| EXPENSE | 744007 | Credit Loss/Bad Debt | 1000.0 | |
|
||||
| INCOME | 404001 | Interest Income Charge Off | 30.0 | |
|
||||
| INCOME | 404008 | Fee Charge Off | 113.0 | |
|
||||
When Admin sets the business date to "1 March 2023"
|
||||
And Admin does write-off the loan on "1 March 2023"
|
||||
Then Loan status will be "CLOSED_WRITTEN_OFF"
|
||||
Then Loan Transactions tab has a "WRITE_OFF" transaction with date "01 March 2023" which has the following Journal entries:
|
||||
| Type | Account code | Account name | Debit | Credit |
|
||||
| EXPENSE | 744007 | Credit Loss/Bad Debt | | 1000.0 |
|
||||
| INCOME | 404001 | Interest Income Charge Off | | 30.0 |
|
||||
| INCOME | 404008 | Fee Charge Off | | 113.0 |
|
||||
| EXPENSE | e4 | Written off | 1143.0 | |
|
||||
|
||||
|
||||
|
||||
|
||||
|
||||
@TestRailId:C4007
|
||||
Scenario: Verify accounting during Write-off when loan was not charged-off before
|
||||
When Admin sets the business date to "1 January 2023"
|
||||
And Admin creates a client with random data
|
||||
When Admin creates a fully customized loan with the following data:
|
||||
| LoanProduct | submitted on date | with Principal | ANNUAL interest rate % | interest type | interest calculation period | amortization type | loanTermFrequency | loanTermFrequencyType | repaymentEvery | repaymentFrequencyType | numberOfRepayments | graceOnPrincipalPayment | graceOnInterestPayment | interest free period | Payment strategy |
|
||||
| LP1_INTEREST_FLAT | 1 January 2023 | 1000 | 12 | FLAT | SAME_AS_REPAYMENT_PERIOD | EQUAL_INSTALLMENTS | 3 | MONTHS | 1 | MONTHS | 3 | 0 | 0 | 0 | PENALTIES_FEES_INTEREST_PRINCIPAL_ORDER |
|
||||
And Admin successfully approves the loan on "1 January 2023" with "1000" amount and expected disbursement date on "1 January 2023"
|
||||
And Admin successfully disburse the loan on "1 January 2023" with "1000" EUR transaction amount
|
||||
And Admin adds an NSF fee because of payment bounce with "1 January 2023" transaction date
|
||||
When Admin sets the business date to "22 February 2023"
|
||||
And Admin adds a 10 % Processing charge to the loan with "en" locale on date: "22 February 2023"
|
||||
Then Loan status will be "ACTIVE"
|
||||
Then Loan Transactions tab has a "DISBURSEMENT" transaction with date "01 January 2023" which has the following Journal entries:
|
||||
| Type | Account code | Account name | Debit | Credit |
|
||||
| ASSET | 112601 | Loans Receivable | 1000.0 | |
|
||||
| LIABILITY | 145023 | Suspense/Clearing account | | 1000.0 |
|
||||
When Admin sets the business date to "1 March 2023"
|
||||
And Admin does write-off the loan on "1 March 2023"
|
||||
Then Loan status will be "CLOSED_WRITTEN_OFF"
|
||||
Then Loan Transactions tab has a "WRITE_OFF" transaction with date "01 March 2023" which has the following Journal entries:
|
||||
| Type | Account code | Account name | Debit | Credit |
|
||||
| ASSET | 112601 | Loans Receivable | | 1000.0 |
|
||||
| ASSET | 112603 | Interest/Fee Receivable | | 143.0 |
|
||||
| EXPENSE | e4 | Written off | 1143.0 | |
|
||||
|
||||
Reference in New Issue
Block a user