Interest
Interest
Interest
The Interest module is
used for calculating real or revaluation interest from any account card.
You can also do it by directly entering a principal. This can be legal interest on arrears or custom contractual interest.
In the
Interest to Suppliersand
Interest from Customers windows
there is provided a history and verification of interest calculations for a specific document.
Approving an interest calculation marks the involved documents, preventing them
to be offered for further interest calculations, and so they cannot be multiplied.
There is no interest calculation history available in the menu for
calculating custom interest and
documents are not marked if they were already included in a calculation.
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 The control of the
interest calculation by the amount of principal is not integrated in the
program due to the resolution on partial annulment of the Article 1060
of the Code of Obligations (Official
Gazzette of the RS 28/2006), dating March 17th, 2006. |
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Claims and liabilities are remunerated from the
due date to the date of payment, excluding the first day (due date).
Decursive interest calculation is used. |
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Interest can be calculated in two ways:
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The
Interest Rates register
must be defined in order to calculate interest, as they are used for interest
calculation and
basic interest rate
calculation. In Interest Rates register you can select whether
interest will be calculated according to the
conform or
proportional method.
Interest can be calculated
in the following ways: