ID #1422

Is it possible to calculate interest on closing balance for each date in account statement of personal accounts?

Answer:

Now it is possible to calculate interest on closing balance for each date in account statement of personal accounts. Please use the following steps to implement this…

Step1: Setting the option

  • Go to Main Menu > Master Data management > Account Ledger (M> A> A)
  • Alt + L (it will open all account ledger list, you can create a new account ledger using Ctrl + N keys)
  • Select account name from the list
  • Put interest rate in ‘Interest Rate%’ filed
  • Select calculation period in ‘Interest Rate Per’ field
    • 30 days month
    • 365 days
    • Calendar Year
  • Save

Step2: Viewing the report

 

For more details please visit:

Tags: Account Ledger

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