If you’ve been manually tracking interest on your written off loans on spreadsheets, now CU*BASE will do the work for you! Effective with the 22.05 release, daily interest is automatically being calculated for written off loans and stored in the loan write-off history. No more spreadsheets!
If you’ve been tracking interest accrued since write-off manually, you can add your existing figures to the new Interest accrued since write-off field so that the figure is up to date. It’s easy!
- Launch Tool #1030: Write-off/Chart-off Loan History Maint and enter the written-off loan account number.
- Calculate the sum of whatever amount appears in the Int accrued since write-off field now plus your tracked figure, and enter that total into the field, then use ‘Update’ to save.
CU*BASE will automatically calculate and add to that value every day going forward!
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