Do we have option to use simple interest formula for interest calculation instead of daily compound
Summary:
In our present client implementation for lease accounting, our opening libility balance is not matching as interest calculation formula that client is using presently is simple interest rate formula where as fusion uses daily compound interest rate formula. Do we have option to modify this calculation formula or any option to select incase we want to use simple interest formula instead of compound interest formula.
Content (please ensure you mask any confidential information):
Version (include the version you are using, if applicable):
Code Snippet (add any code snippets that support your topic, if applicable):
Tagged:
1