Article Details
Id:12320
Product:finPOWER Connect
Type:NEW
Version:2.02.02
Opened:15/10/2014
Closed:15/10/2014
Released:07/11/2014
Job: J014309

Account Calculation; Flat Interest Rates now support Cost etc. Transactions defined as "Percent of Total Advances"

Previously if a Transaction for a New Loan Account, where a Flat Interest Rate is used, was set to "Percent of Total Advances" the following error was returned "Failed to calculate Account. Failed to get values pre-Calculation. Cannot calculation value based upon the percentage of the Total Advances.".

Now finPOWER Connect supports Transactions with this Basis, where the Element Type is Cost, Fee or Journal.

This means you can create a Transaction using a Cost type element, Frequency "Once", First "Opening" and a Basis of "Percent of Total Advances".

Note, in particular the Business Layer function finAccountCalculation.GetOpeningValuesPreCalculation has been updated.