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8.20 Accounting reports

Interest Calculation - Simple Interest

Day-based simple interest on each entry of an account, with grace days.

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

Steps

  1. Open Reports > Interest Calculation > Simple Interest.
  2. Pick Account Name; set From/To dates.
  3. Enter Dr. Side Interest %, Cr. Side Interest %, Grace Days (Dr.), Grace Days (Cr.) and Year Days (360 or 365).
  4. Tick entry types: Sale/Purchase Entries, Payment/Reciept/Journal Entries, Commision Agents Entries(I/Form J/Form) or Select All.
  5. Click OK, untick rows to leave out, then Print.

Fields & options

  • Total Dr., Total Cr., Interest (Dr.), Interest (Cr.), Net Interest, Ledger Balance, Net Balance with Interest
TipOn Print, if some rows are unticked it asks whether to skip them in printing.
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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