Two new product types have been added to Other Fee products: Simple Fee and Activity Based.
- Behaves like the historical other product type (Simple Fee and Balance) with the only difference being the exclusion of a balance entry.
- Allows annual pretax income to be entered to estimate the annual net income generated
Activity Based Fee
- Allows fees to be captured as separate details and introduces earnings credits, servicing expenses, and waived/chargeable units.
These Other Fee types can be configured in the Other Products section of the Administration section. Choosing Activity Based Fees allows you to add individual fees through the Activity Types section.
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