NEW3.03.00 · Released 1 May 2020
High Importance
NEWfinPOWER Connect
Released in
3.03.00
1 May 2020
- Opened17 Mar
- Closed18 Mar
- Released1 May
Article 16828
Job J023927
Loan Accounts; new Close Method "Cancelled"
A new close method "Cancelled" has been added for Loan Account Types. This allows Loan Accounts to be flagged as cancelled and therefore treated differently.
A Cancel is treated in a similar fashion to a Write Off, except it does not allow Loan Accounts with a Credit Balance to be cancelled.
Note, it may still be possible to reset an Account to Quote, then modify or delete - if that is preferable.
- Product Types
- Allow an Information List to be defined for the Close Note.
- Account Type
- Rules allow filtering by Cancelled close method.
- Accounting
- Element to post write off transaction can be defined. This is optional and if not set will not allow a Loan Account to be cancelled.
- Element to allocate any Fee can be defined.
- New Permission Key
- Account.Loan.Close.Cancel; stops User cancelling a Loan Account.
The following standard Summary Page block has been updated:
- AccountCloseLog_Summary
- Version 1.01, Last updated 18/03/2020
Note, this has been added to cater for NZ High-Cost Consumer Credit Contracts.