MY ...tally 9 release 2 doesn't calculates interest on loan(liability) account as directed as per 30 day month option.......rather tally is calculating it as calender month.........plz give me a solution where is da error
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interest
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when you activate interest calculation go to advanced settings where you will be asked how to calculate interest etc...
fill it out and you get the right calculation
i have duely activated all the interest calculation(advanced parameters) option in tally 9 series 2 and open an account (debo master) as loan account(liability) and activated 30 day interest calculation option @ 7%............but when i go to: display> statement of account>interest payable............it show the interest calculation as per calender month....rather than 30 day assumed months..............plz help me with the solution
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