Interest calculation

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Querist : Anonymous

Querist : Anonymous (Querist)

07 January 2011 Sir,
Tell me method of interest calculation using Tally software

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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07 January 2011 Go to Features (F11)
Accounting Features
Activate Interest Calculation-Yes

After that go the ledger of party in which you want to calculate interest.

Accounting Info--Ledger---Alter
Select ledger of party in which you want to calculate interest...
Set Activate interest calculation-Yes
Then mention Interest rate % and periodicity of interest calculation...

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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07 January 2011 Your settings are done now when you want to calculate interest go to the ledger.
Click other reports and select interest calculation. Your interest will be calculated.

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