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Interest Calculation from Billing/Transaction Date @ Tally.ERP9

Query

 

Can I calculate the interest from the Billing/Transaction Date?

 

Answer

 

Yes, you can. 

 

Consider the transaction of Manchester Computers

Interest Calculation from Billing/Transaction Date @ Tally.ERP9

The Outstanding Report mentioned above displays the bill voucher date as March 1 and the due date as March 25.

 

Set the interest parameter as shown below:

Interest Calculation from Billing/Transaction Date @ Tally.ERP9

The interest is calculated from the invoice date, i.e. March 1, till the report date.

 

To view the report:

 

Go to Gateway of Tally > Statements of Accounts > Interest Calculations  > Ledger > Manchester Computers

Interest Calculation from Billing/Transaction Date @ Tally.ERP9
 


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@ Rs. 550 !

18 Chapters in Tally.ERP9 Book + 46 Practical Assignment with GST in Tally.ERP9 & All features are described with Practical Problems with Solutions.

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Tally.ERP9 Book (Advanced Usage) @ Rs.550


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