Article Details
Id:9189
Product:finPOWER Connect
Type:FIX
Version:1.04.02
Opened:29/09/2011
Closed:29/09/2011
Released:25/10/2011
Job: J008236

Accounts; Payments in Advance causes an issue if the First Payment Date is set to the date Opened

If an Account is opened with "Payments in Advance" and the First Payment is "On Date" and the Date is set to the date opened, then Account Processes fail with an "Transaction is dated prior to Account being 'Open'." error.

The Original calculation schedule shows 2 payments dated on the Account open date. However, the Current calculation schedule shows a payment dated one day prior to the Account being open.

finPOWER Connect now prevents the first payment date, on an Account where payments are in advance, being on the date the Account was opened. It will display the message "Invalid First Regular Payment Date for a Payment in Advance.".