Article Details
Id:10678
Product:finPOWER Connect
Type:FIX
Version:1.06.05
Opened:08/11/2012
Closed:09/11/2012
Released:26/11/2012
Job: J010690

New Account wizard; Account Calculations no longer check if balance goes into credit before the Maturity Date

In the New Account wizard Account Calculations no longer check if the Balance for a Fixed Term Loan goes into credit before the Maturity Date.

finPOWER Connect will still test that the final Balance is Nil (or the Residual Value if entered).

Previously, certain scenarios, eg Interest cycle is Yearly, could cause the following message to appear:

Cannot calculate Account Payment value.

The Payment value cannot be calculated. Reasons for this include:

1. The Account Balance becomes Zero or goes into Credit before the Maturity date.