Post by spiral on Sept 2, 2016 11:23:06 GMT
It seems that SS have made a little tweak to their statements.
I downloaded a statement after yesterday's interest run and another after yesterday's loan allocations and found that there were less lines on the latter statement despite additional transactions.
The overall balance on both still added up so I was a little confused and decided to identify one of the specific "missing" items.
It turned out to be an interest payment of 0p.
Quickly checking through other 0p interest payments for previous months, I found this to be the common factor.
It appears that as of some time yesterday, SS have decided to delete all 0p interest payments from statements.
Obviously this doesn't affect the overall total but I just wonder whether for completeness, its better to show a value against a transaction rather than omit it completely.
I reconcile expected interest as a whole against what's received so if it wasn't for less lines on the statement, I wouldn't have noticed but I suspect that some will reconcile interest against loan parts and this will give them a gap in their data.
I downloaded a statement after yesterday's interest run and another after yesterday's loan allocations and found that there were less lines on the latter statement despite additional transactions.
The overall balance on both still added up so I was a little confused and decided to identify one of the specific "missing" items.
It turned out to be an interest payment of 0p.
Quickly checking through other 0p interest payments for previous months, I found this to be the common factor.
It appears that as of some time yesterday, SS have decided to delete all 0p interest payments from statements.
Obviously this doesn't affect the overall total but I just wonder whether for completeness, its better to show a value against a transaction rather than omit it completely.
I reconcile expected interest as a whole against what's received so if it wasn't for less lines on the statement, I wouldn't have noticed but I suspect that some will reconcile interest against loan parts and this will give them a gap in their data.
