Interest can be calculated on the basis of Simple or Compound Interest.

With Tally.ERP 9 you can obtain reports on interest calculated based on the configurations made.

Interest is calculated on outstanding receivables or payable.

To enable interest calculation:

1. Click F11 -> F1 Accounting Features.

2. Set the option Activate interest calculation to "Yes".

3. Press Ctrl+A to save the Company Operations Alteration.

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Saudi Arabia, Marketing, How to enable Interest calculation in Tally.ERP 9?