Starting with the
22.05 release, yes! If you have written off a loan account using
Tool #1006 Write Off/Charge Off Loans, each day the system will calculate a day's worth of interest and record it in a new field in the Written-off Loan History. This is not an accrual; nothing will be booked to your GL. Rather, it is a simple calculation of one day's interest, showing what
would have accrued if the loan hadn't been written off. This amount increments every day so that you have a good record of interest owed should the member ever return and offer to make payments on all or part of the loan balance.