Loan Adjustment Accounting is Not Produced Correctly
Last updated on AUGUST 24, 2016
Applies to:Oracle Loans - Version 12.1.3 and later
Information in this document applies to any platform.
Loan Adjustment Accounting is not produced correctly.
Steps to Reproduce:
There is a loan product with 4% subsidy.
A loan has been created and then you added an amount to the loan through an adjustment.
Accounting is fine up to this point.
Add a loan adjustment to a loan, which produces a four line accounting entry, all the same amount as the loan adjustment.
If the loan is adjusted as an increase of $11, then the accounting for that adjustment shows two different lines (loan receivable) with $11 going against the loan available balance.
The expected result would be one line entry of $11 to Loan Receivable and one line entry of $11 to Loan Payable for the adjustment.
Also you should see a line item against the subsidy account for .44 and you do not.
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