FAQ-9 ( Interest Calculation):

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

Answer

 

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

 

  

Tally.Erp 9 : Interest Calculation

[5-9A]  

 

In the interest parameter setting, mentioned above, 12% interest p.a. is charged from the Due date till Feb.28.

 

Thereafter, from March 1 till the date of the report, the interest charged is 14%.

 

To view the report:

 

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

 

  

Tally.Erp 9 : Interest Calculation

[5-9B] 

 
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