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Calculating Interest on Group

The Group Interest Calculation statement is a list of all accounts and sub-groups belonging to the selected group that displays the current balance in each account or sub-group and the total interest.

1.    Go to Gateway of Tally> Display > Statements of Accounts > Interest Calculations > Group

2.    Select a Group, E.g. Loans (Liability)

Note: The Cr in the interest amount indicates that it is a liability.

3.    Press Enter to drill down  to the Ledger level Interest report.