Remember that this new value only started being calculated with the implementation of the 22.05 release in May of 2022. However, if you had been tracking this manually via a spreadsheet since write-off, use these steps:
- Launch Tool #1030 Write-off/Chart-off Loan History Maint
- 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
- Click Update (F5) to save
For example, written-off loan account 1234-800 has an interest per diem of $1.50.
- On the day the release is implemented the value in the Int accrued since write-off field will be $0.00
- The day after the release, one day's worth of interest will appear in the field: $1.50
- The next day, the system adds another day's worth of interest: $3.00
- The CU has a worksheet showing a total of $1,575.00 of accrued interest since the loan was written off
- The CU adds the $3.00 to $1,575.00 and enters that total into the field: $1,578.00
- The next day, the system adds another $1.50 to the field: $1,579.50