Investments Not Showing Interest for Month Purchased
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We are running our quarterly investment statements (IL267) and noticed that our investments are not reporting interest for the month that they were purchased. Why?
When this happens, it is because you do not have "Pay in Purchase Month" selected on the Investment System Settings screen. The Pay in Purchase Month option tells the system to pay interest in the month of purchase. Turn that setting on and then re-run IL267 to generate the statements properly.