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8.19 Accounting reports

Interest Calculation - Cumulative Interest

Interest on an account worked out period by period, where each period's interest is added to the balance before the next period (code: Monthly = 30 days, Quarterly = 90, Half Yearly = 180, Yearly = 360).

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Interest Calculation - Cumulative Interest
More in Accounting reports
Where to find it
MenuReports › Interest Calculation › Cumulative Interest

Steps

  1. Open Reports > Interest Calculation > Cumulative Interest.
  2. Pick Account Name.
  3. Set From Date, To Date.
  4. Enter Dr. Side Interest % and Cr. Side Interest % (and Interest Rate Per Annum(Yearly)).
  5. Choose Interest Period: Monthly, Quarterly, Half Yearly or Yearly. Click OK; Print or Excel.

Fields & options

  • Interest Receivable, Interest Payble
TipChoose the period the bank/party agreement uses; results differ by period.
Accounting reports

More in this module

8.1

Balance Sheet

Shows what the school owns (Assets) and owes (Liabilities) as on a date, with totals on both sides.

8.2

Profit & Loss Account

Shows income against expenses to tell whether the school made a surplus or deficit up to a date.

8.3

Trading Account

Shows the trading account (the gross-profit part of the books, drawn before the Profit & Loss Account) as on a…

8.4

Trial Balance

Lists every account with its debit and credit balance so you can check the books tally.

8.5

Outstanding Analysis

Shows who owes the school (Receivable) or whom the school owes (Payable) as on a date, with a way to send…

8.6

Day Book

A simple list of all accounting entries between two dates, in date order.

All 20 features of accounting reports

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