Loan Account Reversal post incorrect CYPO entries leading to balance pending in Position GL (Doc ID 2738376.1)

Last updated on JUNE 21, 2021

Applies to:

Symptoms

ACTUAL BEHAVIOR
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Loan Account reversal has posted position entries incorrectly causing mismatch

EXPECTED BEHAVIOR
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Reversed Loan is expected to have zero balances across all GLs and accounts involved

STEPS
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The issue can be reproduced at will with the following steps:
1. Book a foreign currency Loan accoount
2. Reverse the loan after few days of Profit accrued
3. Verify the accounting entries posted for account reversal
4. Verify if all GL balances are zeroised especially position GLs

BUSINESS IMPACT
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The issue has the following business impact:
Due to this issue, Position GL balances are inconsistent after loan account reversal , impacting financial reports

Cause

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