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Interest Calculation

Interest is a legitimate return on money invested and chargeable in the business world on loans and also on delayed payments. Interest can be calculated on the basis of Simple or Compound Interest. With Tally.ERP 9 you can obtain reports on interest calculated based on the configurations made. Interest is calculated on outstanding receivables or payables.

Enabling Interest Calculations

To enable interest calculation

1. Click F11 > F1(Accounting Features) .

2. Set the option Activate interest calculation to Yes .

3. Press Ctrl+A to save the Company Operations Alteration .

See Also

Interest Calculation in Simple Mode

Interest Calculation in Advance Mode

Interest Calculation on Group

Interest Calculation on Ledger Balances

Statement of Interest Due on Invoices