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.