| Id: | 14251 |
| Product: | finPOWER Connect |
| Type: | NEW |
| Version: | 3.00.04 |
| Opened: | 01/11/2016 |
| Closed: | 01/11/2016 |
| Released: | 01/03/2017 |
| Job: | J018241 |
 High Importance |
|
Account Restructure; revamped to better handle some scenarios
The Account Restructure wizard has been reviewed and updated to better handle some real life scenarios. For example, currently if a payment or fee has already been charged on a day, then a Restructure cannot be done on that day.
Note, transactions, except Interest, are now allowed on the day of the Restructure, but not in advance of the Restructure. This means situations where a direct debit or other payments have already been processed for the day the Restructure can still proceed.
A Restructure now treats transactions dated prior to the Restructure as the opening balance, and transactions dated on the date of the Restructure as being after the Restructure. This also means transactions on the date of the Restructure can still be reversed etc.
If there are existing Transactions dated on the day of the Restructure the following changes should be noted:
- The Accruals page shows the Current Balance less Committed Transactions, giving the Restructure Balance. This identifies those transactions dated on the day of the Restructure.
- The Balance Allocations page allows you to adjust allocations on the "Restructure Balance".
- Any adjustments are now dated on the day before the Restructure, previously they were dated on the date of the restructure, after the Account was restructured.
- The Overdue Balance on the Balance Allocations page now shows the Current Overdue Balance less Committed Overdue Transactions, giving the Restructure Overdue Balance.