Interest Calculation

Above Details will calculate interest from 27/06/2021 to 31/03/2022
@ 1.75 per month on month basis and compounded every 3 months.

  • Very strong feature for calculating simple and compound interest for ad-hoc data or any single or group of ledgers. Interest rate can be defined and also be compounded for any period like 5 days, 12 days, 3 months etc.
  • Apart from facility to design customized reports, certain reports are provided by the system and, to name a few, they include a) Loans taken and given report b) Bill to bill reconciliation c) Overdue suppliers d) Overdue customers e) Bank wise funds deposits f) Accounts and Inventory mismatch etc.

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