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F11 (Features) À Activate Interest Calculation - Yes

The document discusses how to activate interest calculation in Tally.ERP 9. Interest calculation can be enabled for any ledger by going to Features and selecting Activate Interest Calculation. This allows specification of an interest rate and style (30-day month, calendar month, 365-day year, or calendar year) without immediately charging the amount to accounts until an entry is passed.

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Sameer Husain
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58 views2 pages

F11 (Features) À Activate Interest Calculation - Yes

The document discusses how to activate interest calculation in Tally.ERP 9. Interest calculation can be enabled for any ledger by going to Features and selecting Activate Interest Calculation. This allows specification of an interest rate and style (30-day month, calendar month, 365-day year, or calendar year) without immediately charging the amount to accounts until an entry is passed.

Uploaded by

Sameer Husain
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Activating Interest Calculation Activating Interest Calculation The feature\' Interest Calculation\' can be activated for any ledger

in Tally.ERP 9. The Interest Calculation Report in Tally.ERP 9 gives only the implication of interest for the selected account. The amount is not charged to the books of account until an entry is passed. To enable \'Interest Calculation\' for a Ledger: Go to Gateway of Tally . F11 (Features) Activate Interest Calculation Yes

Select the ledger for which the interest calculation needs to be activated from the Ledger Alteration screen and set the option Activate Interest Calculation to Yes. Note: This option can also be enabled for a new ledger during the ledger master creation. In the Interest Parameters sub screen, specify the rate of interest and select the Interest Style. On enabling Interest Calculation for Ledger, the screen is displayed as shown below:

Types of Interest Calculation Styles There are four types of Interest Styles available in the Interest Parameters screen, which are as follows: 30-Day Month Calendar Month 365-Day Year Calendar Year

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