General¶
The program needs to know the date from which it is expected to process the Accommodation Bond Agreements and the frequency of processing.
| Last Update: | This date is created by the system and represents the dat up to which the bond agreements have been processed. Note If you set up Bond Agreements with Start Dates that are earlier than this date any transfers that took place before the Last Update Date will be processed as part of the first Update Accommodation Agreement run. This process will advance the Last Update Date by one Default Update Interval each time it is run. |
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| Default Update Interval: | |
This is normally set to Monthly and this is the recommended setting to comply with government regulations for Accommodation Bonds |
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| Round Interest Amount: | |
This defines the accuracy of Interest Rounding in BondCare. |
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| Round Interest Type: | |
You have a choice of Nearest, Highest or Lowest. We recommend nearest. |
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