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Simulating Interest Calculation

Simulating Interest Calculation

Interest Calculation Simulation

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Simulation of interest calculation is used in custom interest calculation. Enter data and subsequently reports are displayed accordingly. It serves as a sort of calculator, where data are not recorded or posted anywhere.

 

000001.gif Here you can create documents. This is not recommended, though, since calculation data is not stored and hence you cannot view the calculation history.

 

000001.gif To create documents from calculation use Interest from Customers and Interest to Suppliers modules. Here interest calculations are stored. At the same time it is checked for calculated interest for closed documents.

 

Example of simulation:

Enter document, date and the amount receivable or payable together with any payments displayed in the upper section of the window. Plus, select the type of interest rate and enter value -1 to the Nominal Interest Rate field to include the interest rate from the register in the report. Enter subject if necessary.

 

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Display any type of report by double-clicking it:

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