Interest Calculation - Advanced - Transaction by Transaction @ Tally.ERP9

Query

Can I calcuate the interest for each transaction separately?

Answer

Yes, you can calculate the interest for each transaction. Select the ledger for which the interest has to be calculated.

Use F11: Accounting Features to set Activate Interest Calculation and use advanced parameters to Yes.

Under Advanced Interest Parameters, set the option Calculate Interest Transaction-by-Transaction to Yes.

Set the option Override Parameters for each Transaction to Yes. The interest sub-screen is displayed for every transaction even if the interest parameter is specified in the Master. You have the option to modify the value for that particular voucher or accept the default template that is displayed.

Set the option Override Advanced Parameters to No, inorder to modify the interest parameters set during voucher entry.