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When transactions are present after the calculation date you must say what to do with them....

 

Skip Future Transactions

 

This option will ignore all transactions that occur after the calculation date.

 

 

Discount Future Transactions

 

This option will include all transactions that occur after the calculation date.

 

The future value will be discounted to its equivalent present value as at the Calculation Date. The discount percentage will be converted to a daily rate and calculated accordingly.

 

This option can be useful when claiming amounts due under a wrongly terminated lease. You can enter the date that each future lease instalment is due, then discount back to present value.

 

Don't Skip or Discount

 

This option will process transactions that occur after the calculation date. In other words, the transactions will continue to affect the running balance, but interest will not be calculated beyond the Calculation Date.

 

 

Change Calculation Date

 

Change the calculation date to match the last transaction date.

 

This means there will no longer be any future transactions - they will all be past transactions.

 

Skip Trailing Credits

This option will be displayed if all the transactions after the calculation date are credits and you have chosen a setting other than Skip Future Transactions. Use this option if no interest is payable on credits anyway.