Interest Calculation in TallyPrime

Interest can be calculated on the basis of Simple or Compound Interest. With TallyPrime you can make the required configurations and view the reports on interest calculated based on these configurations. In TallyPrime, the calculation of interest will be based on outstanding receivables or payables.

Enable Interest Calculation in TallyPrime

1)Press F11 (Features) > set Enable Interest Calculation to Yes. If you do not see this option:

A:Set Show more features to Yes.

B:Set Show all features to Yes.

2)Press Ctrl+A to save the Company Features Alteration screen.