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https://help.tallysolutions.com/docs/te9rel51/Advanced_Features/Advanced_Accounting_Features/Interest_Calculation_Reports.htm

Interest Calculation Reports

Interest Calculation reports are automatically produced if the feature is activated In F11: F1: Accounting Features and the parameters are set for individual ledger accounts.

There are two types of reports, one pertaining to interest on balances of accounts like loans, and the other interest on overdue invoices.

Interest reports are available for individual ledger accounts as well as for Groups

 

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Interest Calculation on Group

Interest Calculation on Ledger Balances

Statement of Interest Due on Invoices