In This Tutorials Show How To Calculate Simple Interest In Tally Prime. Here Interest Will Apply After Payment Due Date When Any Party Crossed His Payment Date Then We Can Apply Interest According Companies And Farm Rules. So Here Apply Interest Rate 10% Yearly After Due Date.
STEP 1 CREATE A COMPANY IN TALLY PRIME
Open Tally Prime Software & Creates A Company And Fill This Information
STEP 2 ENABLE INTEREST CALCULATION (F11)
STEP 3 CREATE A PARTY LEDGER
As You Press Yes Then You Will See
A New Window Of Tally Prime For Interest Parameters, Here You Have To Fill These As Below
STEP 4 NOW PASS A PURCHASE VOUCHER
After
This Here You Have To Select Your Interest Rate , Period And Amount Type
(Credit/ Debit)
After This Save Your Purchase Voucher
STEP 5 HOW TO SEE PAYABLE INTEREST AMOUNT IN TALLY PRIME
If You Want To See Payable Interest Amount , Then You Need To Go To More
Report From Gate Way Of Tally
Display More Report >> Statements of account >> Interest Calculation >> Interest Payable
Change The Time Period Press F2
Purchase Date |
Still Not Paid |
1-Apr-22 |
2-Nov-22 |
Now You Will See Like Your Interest Till That Date Which Date You Will Entered.
Step 6 Now Create A Ledger For Interest Assign To Party Ledger Interest Paid
STEP 7 NOW ADD INTEREST AMOUNT IN PARTY LEDGER FOR PAYMENT
Now Change Date F2
Purchase Date |
Payment Day |
1-Apr-22 |
2-Nov-22 |
After This Press CTRL + H For Voucher Change Mode, When
You Press CTRL + H After This You Will See Like This. Here You Have To Choose “Use For Interest Accounting “
Now Choose That Party Which Party Interest
Amount You Want To Credit There Party Ledger
Here You Have To Add Against Purchase Ledger Reference No. After This You Will See Interest Amount Will Be Added In The Party Amount Bills.