Expanded Accrued Interest Report Coverage

ByDruscylla Nambi

We are excited to announce a significant enhancement to our Accrued Interest Report! This new feature now includes closed loans that were active during a selected date range, providing users with a more comprehensive view of interest accruals.

What’s New?

  • Inclusion of Closed Loans: The report now captures closed loans, ensuring that users can analyze interest accruals from all relevant periods, not just those of currently active loans.
  • Date Range Flexibility: Users can easily select specific date ranges, allowing for tailored reporting that meets their unique financial analysis needs.

Benefits

  • Enhanced Accuracy: By including closed loans, the report offers a more accurate reflection of total interest accrued, helping stakeholders understand their financial positions better.
  • Comprehensive Insights: This feature enables a holistic view of interest accruals, facilitating better decision-making regarding loan management and financial planning.

Take an example of the closed loan below;

You will now be able to see the loan under the Accrued Interest Report as shown in the screenshot below;

With this update, users can expect a more informative reporting experience, ultimately leading to improved financial strategies and outcomes. Explore the expanded Accrued Interest Report today to take advantage of these new capabilities.

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