Interest Calculation in TallyPrime

Interest Calculation in TallyPrime

Interest is a legitimate return on money invested and chargeable in the business world on loans and also on delayed payments. 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. In TallyPrime, calculation of interest will be based on outstanding receivables or payables.