Article Details
Id: | 14312 |
Product: | finPOWER Connect |
Type: | NEW |
Version: | 3.00.04 |
Opened: | 25/01/2017 |
Closed: | 26/01/2017 |
Released: | 01/03/2017 |
Job: | J018501 |
Account Processes; new Permission Key to allow Interest and Default Interest to be dated prior to an Entity's Transaction Begin date
Entities include an option to prevent Transactions being dated prior to a date. This is used to stop transactions being backdated into Accounting periods that have been closed off.
However, events like posting a Bank Suspense item to an Account may cause other functions like Account Processes to fail, e.g. where attempting to reverse and recharge Interest prior to the Entity Transaction begin date.
Therefore a new Permission Key has been added to allow Interest and Default Interest (including reversals) to be dated prior to an Entity's Transaction Begin date - when created via the Account Process function.
The new Permission Key is "AccountProcesses.AllowInterestPreEntityBeginDate" and is denied by default.