Active Interest Calculation in Tally
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 > Accounting Features > set Activate Interest Calculation to Yes. Select the… Read More »