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FAQ-5 ( Interest Calculation):

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



Yes, you can. 


Consider the transaction of Manchester Computers.



Tally.Erp 9 : Interest Calculation



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:



Tally.Erp 9 : Interest Calculation




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



Tally.Erp 9 : Interest Calculation


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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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