Offers World class Tally ERP 9 Training Course With 100 job assistanceBenefits of Calculation of Interest with Tally.ERP 9. If we forget to account any interest receivable or payable, with the help of Tally.ERP 9 now we can avoid all such uncertainties by generating interest calculation report. This interest amount generated is correct amount because of Tally 9 database calculation.Where as a financial year means the entire twelve month of a year For example, 01-04-2018 to 31-03-2019 or 01-01-2018 to 31-12-2018.Tally 7.2 Version developed in 2005. Tally 8.1 & 9 version developed in 2006. GODOWNSDUTIES & TAXES COMPUTATION IN SALES INVOICE VALUE ADDED TAX (VAT)To change period and Financial from the gateway of tallyClick on current date or Use shortcut key Alt + F2 the period changer will display.
Although Tally provides exhaustive information on interest implications, the interest amounts are not brought into books. The user can now view the impact of interest accumulated against each ledger and in turn against each transaction. Tally automatically calculates interest based on the information furnished by the user at the time of creation of ledgers. This is one of the most powerful features available in Tally. Tally will work only from within this period after you make changes.Period are required for a report,For example if you want to view the ledger statement from 01-05-2016 to 31-05-2016. Do the following.Gateway of Tally>Display>Account Book >LedgerSelect the ledger, and on the top on the report you will see the current period automatically selected by tally as shown in the picture.To change the period You can use Alt + F2 or click on Period button provided on the top.
The user can specify different %'s for different periods.-> Select Ledger from ‘Accounts Info' menu -> Alter -> select any ledger for which interest calculation has to be activated -> set interest calculation to yes -> now provide information regarding ‘rate of interest (%)' and style as per requirements. Also specify the % of interest along with the interest style. Then, activate the interest calculations option for each specific ledger for which interest has to be calculated. Interest is calculated on simple and compound basis and can be entered into books by passing debit notes for interest receivables and credit notes for interest payable.-> Firstly activate interest calculation (including advanced parameters) for the company by pressing F11 (features).
To view report,-> select Display -> Statement of Accounts -> Interest Calculations -> select Receivables / Payables or ledger wise.In case the user opts to specify or change the Rate of interest at the time of entering the transaction, then he do so by activating the option ‘Override interest parameters' in Ledger creation mode.
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