Article Details
Id: | 10170 |
Product: | finPOWER Connect |
Type: | NEW |
Version: | 1.06.00 |
Opened: | 15/06/2012 |
Closed: | 18/06/2012 |
Released: | 01/08/2012 |
Job: | J009831 |
Revolving Credit Account Type; new option "Carry forward prepaid overdue Balance?"
Revolving Credit Account Types now have an option to "Carry forward prepaid overdue Balance?". This is defined as part of the Minimum Payment settings.
This means finPOWER Connect will not add an Overdue adjustment when a Minimum Payment is due to clear any prepaid overdue Balance.
Note, the expected Payment is still the entire Minimum Payment, ie the prepaid overdue balance is preserved.