The option Include transaction date for interest calculations: For amounts added, For amounts deducted is provided in the Interest Parameters screen. This option allows you to exclude or include the transaction date for amounts added and deducted.
For example, a payment transaction is recorded on 1st April’16 and ‘Bank/Recon date is 03-04-16. post-migration, interest is calculated from 4th April’16.
Solution: To calculate interest based on the Bank/Recon Date, enable the following options in Interest Parameters screen,
Alter the bank ledger, set the options Include transaction date for interest calculation:
For amounts added? set to Yes
For amounts deducted? set to Yes
To calculate interest based on the Date Specified During Entry
For example, in the transaction, when the date is specified against Date Specified During Entry, interest is calculated from the next day.
Solution: Alter the bank ledger, set the options Include transaction date for interest calculation:
For amounts added? set to Yes
For amounts deducted? set to Yes