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Deposit and Loan Interest Calculation

  • 1.  Deposit and Loan Interest Calculation

    Posted 19 days ago
    We recently implemented Deposit and Loan by initializing with  ending balances at 6.30.2020 (our fiscal year end) and then uploading transactions for July and August.  In Septemeber,  we began posting transactions daily.  We now are at the point of calculating and posting interest for the month of September.  The system thinks the last calculation was 07/31/2020 (based on testing we think) and is calculating interest for August and September.  There seems to be no input method to tell the system to only calculate interest from 09/01 through 09/30/2020.   Did anyone using Deposit and Loan encounter this when implementing?   Is there a way to define the period for which interest should be calculated?
    Thanks,
    Susan Hales
    Diocese of St. Petersburg

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    Susan Hales
    Diocese of St Petersburg
    St Petersburg
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    Academy - Online Interactive Learning from Experts


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