Article Details

Id:	10000
Product:	finPOWER Connect
Type:	FIX
Version:	1.05.06
Opened:	02/05/2012
Closed:	11/05/2012
Released:	25/05/2012
Job:	J009510
High Importance
Breaking Change

Default Interest; new separate Element Type for Default Interest

There is now a separate Element Type for Default Interest, ie as opposed to using an "Interest" Element. This allows Default Interest to be defined as "Due Immediately".

Note, after updating to this version finPOWER Connect will continue to work as normal.

New databases will create a Default Interest element with the type set the Default Interest.

To utilise this facility in existing databases you cannot simply change your current Default Interest element from Interest to Default Interest type - this is because if an Element has existing Transactions it's type cannot be altered. Instead you must create a new Default Interest element and set Account Types to use this.