Article Details
Id:11203
Product:finPOWER Connect
Type:NEW
Version:2.00.00
Opened:02/07/2013
Closed:08/07/2013
Released:04/10/2013
Job: J011799

Account future schedule; expected Payments missing if future dated reversed Payments exist

When calculating the future schedule for an Account, expected payments are NOT included if there is an actual payment dated on/ after the expected date.

This means that if a payment is due today an expected payment is shown in the schedule. Once the borrower makes the payment, the expected payment is no longer shown.

However, reversed payments were also included in the "actual payments" that were checked. This meant if you entered a payment, by mistake, in the future - but then reversed it, expected payments were not shown in the schedule prior to this date.