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Group Interest Calculation @ Tally.ERP9


How to view Interest Calculation for group or sub 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.

Go to Gateway of Tally -> Display -> Statement of Accounts > Interest Calculations -> Group

Select a Group e.g., Loans (Liability)

Interest Calculation for group or sub group

The credit in the interest amount should not be confused to mean an Income. It only means that it is payable and is a liability. The figure is illustrative only and you will need to account for the interest expense and liability through a journal entry.

To ease interest recording, Tally.ERP 9 has an interest template, a special voucher class in Debit Note and Credit Notes.

Drill down to the Ledger level Interest report.

Get..Tally.ERP9 Book + GST Assignment @ Rs. 550

Get..Tally.ERP9 Book + GST Assignment @ `. 550 !

15 Chapters in Tally.ERP9 Book + 21 Chapters in GST Practical Assignment on GST in Tally.ERP9 & All features are described with Practical Problems with Solutions.

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