Loans There is an option to allow loans to have interest charged to the account on the anniversary day of the loan rather than the last day of the month. This version ensures that interest charges will be charged on the correct day for interest-in-advance loans. New subledger option for subledgers that are charged when a loan completes to only charge the subledger for writeoff transactions instead of for all loan-completion transactions such as payouts.
Loans Fixed the “Invalid use of Null” error when displaying the repayment tab of a loan. Consumer Credit Payout Quotes now include subledgers charged at the completion of a loan. All payout quotes will ignore subledgers charged at completion of the Start / Stop month settings prevent that subledger being charged.
Loans Fixed the “Invalid use of Null” error when displaying the repayment tab of a loan. Consumer Credit Payout Quotes now include subledgers charged at the completion of a loan. All payout quotes will ignore subledgers charged at completion of the Start / Stop month settings prevent that subledger being charged. Loans When defining drawdown types, there are new options to: 1. Allow new payments due share the same anniversary day as prior payments.
Loans New facility for drawdowns to re-activate completed loans, and remove any completed entries from the repayment schedule. Fix bug which showed incorrect arrears on loans which had been re-activated by a drawdown. New facility to set a particular type of drawdown as the default type to use when entering a drawdown transaction. Fixed infinite loop bug when posting drawdown transactions on interest in advance loans with non-monthly interest periods.
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