Article Details
Id: | 16260 |
Product: | finPOWER Connect |
Type: | FIX |
Version: | 3.02.01 |
Opened: | 15/07/2019 |
Closed: | 20/08/2019 |
Released: | 12/09/2019 |
Job: | J022618 |
Loan Account Financial Calculations; Payments in Advance may incorrectly calculate number of payments
An Account Type that is setup as "Payments In Advance" does not correctly calculate the number of payments if the Payment value is changed.
Note, typically you will change the Term/ Number of Payments rather than the Payment value.