Calin Basic Interest Calculator (Australia)
All editions of Calin are always accessible during the startup sequence. At the ‘splash screen’ a menu button gives access to editions even if there is no licence.
In that case, it opens the edition in Demonstration mode so that users can always explore whether an upgrade would be of value to them.
Calin Basic is accessed via the Calin Professional program, but with, in effect, a minimal licence level of service.
Prior to Version 7, Calin (“Cal-culates In-terest“) Basic was a separate program from Calin Professional, with substantially fewer capabilities.
New Version 7
Calin Basic now inherits the additional internal calculation and reporting strength of Calin Professional, plus more features than before.
To trial Calin Basic, download Calin Professional and choose the Basic Edition during startup.
Calin Basic’s main limitation is that it does not process multiple transactions.
We discourage professional users from using Calin Basic when dealing with any debt that comprises multiple parts. For instance $5,000 due January and $3,000 due July is not the same as $8,000 due at the time of the calculation. Interest should be calculated on both amounts using Calin Professional.
We are concerned that doing otherwise might be a breach of your professional indemnity insurance which could be an escape clause for an insurer in a totally separate matter.
Calin Professional is so relatively inexpensive that it is no longer possible to claim that the fee-cost of performing the calculation is commercially unviable.
