Add Interest Run

The Transaction Date will default to today's date.

The Transaction Date is a Required field ().The user selects the Transaction Date by Left Clicking on the Drop Down List Box (). When this is done a list of available Transaction Dates will be displayed. Should the user not Select  a Transaction Date  and attempts to Process () the information the system will give an indication  () that this is compulsory information.

The Posting Date will default to today's date.

The Posting Date is a Required field ().The user selects the Posting Date by Left Clicking on the Drop Down List Box (). When this is done a list of available Posting Dates will be displayed. Should the user not Select  a Posting Date  and attempts to Process () the information the system will give an indication  () that this is compulsory information.

Select the Account applicable.

Enter the Description (Prefix)

Enter the Reference Number - if Applicable.

Note:    

If the field is left blank, the system will generate an automatic incremented reference number according to the format and sequence that was set up in Accounting>Setup>Document Numbers.

Set the Interest % for Accounts at 30 Days.

Set the Interest % for Accounts at 60 Days.

Set the Interest % for Accounts at 90 Days.

Set the Interest % for Accounts at 120 or more Days.

Enable the Checkbox by Left-Clicking it.

If Process Transaction is selected - the transaction will be processed when the Process Button is Left-Clicked.

Select the Balance On Date.

Set the Selection to either Eldest/Youngest.

Select the Business Unit - if applicable.

Select the Customers for this Interest Run.

Process the Interest Run.