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Interest Calculation with Multiple Rate on Overdue Bills @ Tally.ERP9



How do I calculate the interest with multiple rates on overdue bills?




The interest parameter set for the invoice raised to Blue Nile Stationeries is as shown below:

Tally.ERP9 Book

In the interest parameter setting, mentioned above, 12% interest p.a. is charged from the Due date till Feb.28. If the bill is pending beyond this date, a penal interest is set to be charged from the date of invoice, i.e. Feb.1, without giving the user the benefit of a credit period (the user may configure the same as required).


To view the report:


Go to Gateway of Tally > Statements of Accounts > Interest Calculations > Ledger > Blue Nile Stationeries

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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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