Article Details

Id:	19000
Product:	finPOWER Connect
Type:	NEW
Version:	3.04.04
Opened:	14/02/2022
Closed:	16/02/2022
Released:	09/06/2022
Job:	J028288
High Importance

Revolving Credit Loan Accounts; new option to include Minimum Payments in Next Payment

There is a new option for Revolving Credit Loan Accounts to include future Minimum Payments as the Next Payment. Currently, only Minimum Payments that have been posted as transactions will show as the Next Payment.

Note, this option is off by default to maintain backwards compatibility. To enable, on the Account Type form, Payments page, Payment Options block check "Next Payment includes future Minimum Payments?".

Once enabled, anywhere that shows the Next Payment, e.g. Account, Payments page, Loan Trial Balance Report, will include future/ scheduled Minimum Payments.