Interest calculation


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Querist : Anonymous

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Querist : Anonymous (Querist)
07 January 2011 Sir,
Tell me method of interest calculation using Tally software


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...

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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