Id: | 8705 |
Product: | finPOWER |
Type: | NEW |
Version: | 5.07.33 |
Opened: | 26/04/2011 |
Closed: | 26/04/2011 |
Released: | 03/05/2011 |
Job: | J007320 |
Direct Debits; new global option to not Direct Debit Loan Interest transactions
A new global option to not Direct Debit Loan Interest transactions has been added. This setting is found under the first Loan tab of Global Options, to the right of "Direct Debit Miscellaneous Loan Transactions?". The default is to Direct Debit Interest Transactions.
This option complements the existing "Direct Debit Miscellaneous Loan Transactions?" setting, which only direct debits miscellaneous transactions (and Interest transactions are not classified as miscellaneous transactions). See knowledgebase article 7806 for more information.
This new option allows you to make Default Interest transactions due immediately, by using the setting on the Element, but NOT direct debit the value.
Note, to Direct Debit an Interest Transaction, the Element's "Is payment due immediately?" option must be checked. This option also does not apply to Revolving Credit Loans.