Interest Calculation

The date of transaction was not being considered in the number of days for interest calculation, resolved: The number of days considered for calculating interest did not include the day of transaction, and started from the day after the transaction date.

Now, the option Include Transaction day for Interest Calculation is provided to calculate interest starting from the day of transaction. This option is provided in the Interest Parameters screen of ledger master. It is set to No by default, and can be enabled, when required.

See also: