Fix Interest that Compounded

We had an investment incorrectly set up to compound rather than pay out. We corrected the interest payment method, but how do we correct the investment so that the interest pays out the next time we run that process?

If you use the Financial Inquiry and look up the investment, you can click View --> Transactions. This will launch the Transaction History screen. Look for each instance of Transaction ID 130, which is the "pay interest by compounding" transaction. Add up the amount of each instance so you know how much interest was compounded rather than paid out.

Next, you'll perform a financial adjustment on the investment. Using the total that you added up in the previous step, subtract that amount from the Principal balance and add that amount to the accrued interest. Save the adjustment.

The next time you run the interest payout/compound, a payment will be generated to the investor for the total accrued interest.