NEW4.01.01 · Released 24 June 2024
NEWfinPOWER Connect
Released in
4.01.01
24 June 2024
- Opened2 Apr
- Closed3 Apr
- Released24 Jun
Article 21360
Job J033224
Loan Reports; Residual Value for Revolving Credit Loans is now reported
The Residual Value for Revolving Credit Loans is now reported in various Loan and Account Reports.
Typically a Revolving Credit Loan does not include a Residual Value because by their nature they have no end date. However, where the Revolving Credit Loan's Minimum Payment Basis is "Instalment" you can define an End Date and Residual Value. This Residual Value is now reported.
Note, the Residual Value, from the Instalment Minimum Payment, is date sensitive, so if the Report is not dated the current date is assumed when fetching the Residual Value to report on.