Interest Calculation in Tally Prime

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. The interest calculation in Tally Prime, will be based on outstanding receivables or payables.

Enable Interest Calculation in Tally Prime

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.