Hi Bharat
Thank you! In order to try this out, I really need to be able to move the
system date forwards to see how the interest is calculating and post
various chronological transactions. I've posted this question as a
separate thread, too. Is this possible without actually changing the date
on
Hi Debbie,
In order to achieve the same, first we need to set the "interest
calculation period" as "daily" under settings section.
and by enabling the interest recalculation,
1. The late payment or an early payment, system will always collect the
interest till the repayment date(which could be mor
Hi all
Is there a loan parameter setting (or combination of settings) that will
enable loan interest to be calculated on a daily basis, so that when a
repayment is made then only the interest due to-date is paid and the
balance goes to principal?
Thank you!
Best regards, Debbie
[image: Your Comp
