Article Details
Id: | 16551 |
Product: | finPOWER Connect |
Type: | NEW |
Version: | 3.02.04 |
Opened: | 15/07/2019 |
Closed: | 15/07/2019 |
Released: | 11/02/2020 |
Job: | J022616 |
Close Account wizard; "Show Future Payments" checkbox not working as expected for "Residual" value
In the Close Account wizard a Loan Account with a Residual Value may not show the expected Interest transactions under some circumstances.
- Loan Account has a Residual Value.
- "Show Future Payments" is checked.
- Close Date is after the Loan's Maturity Date.
- The Loan's Balance drops below the Residual Value.
Under these circumstances the future schedule will stop after the maturity date if the Loan balance drops below the Residual Value.
Note, you can't continue and commit a Close whilst "Show Future Payments" is checked.