Accreting Transaction Showing Opening Balance on Explained Balance instead of Ending Balance
We have entered an 'Accreting' Transaction into ARM and after entering all the information, ARM appears to be incorrectly using the 'Beginning Amount' of the period from the Accretion Schedule as the 'Ending Amount' in the Transaction portion of the screen. As a result the Beginning Amount is also then being used in the 'Explained Balance' section of the Balance Summary.
We are preparing a rec for period '2016-08'
The line in the Accretion Schedule shows the correct info:
Period: 2016-08
Days: 28
Beginning Amount: 355,495.38
Accretion: 47,399.38
Ending Amount: 402,894.74
However, the Ending Amount in the Transaction Window shows up at 355,495.38, which is the Beginning AMount from the Accretion Schedule.