Interest Calculation ? from the Billing / Transaction Date:
Can we calculate the interest from the Billing/Transaction Date?
Yes, you can.
Consider the transaction of Manchester Computers.
The Outstanding Report mentioned above displays the bill voucher date as March 1 and the due date as March 25.
Set the interest parameter as shown below:
The interest is calculated from the invoice date, i.e. March 1, till the report date.
To view the report:
Go to Gateway of Tally > Statements of Accounts > Interest Calculations > Ledger > Manchester Computers