Interest Calculation

Interest Calculation is a very useful feature in Tally.ERP. It allows for calculating the

interest by various methods. These are :

Simple Method : Interest calculation on outstanding balances.

The example shown below is on the calculation of Bank Interest on Yearly basis :

Step-1 : Activate interest calculation features by Gateway of Tally.ERP Ø

Features (F11)

Image-1

Step-2 : You will have to alter the existing ledger accounts to permit interest calculation on them. The same operation will apply

when creating a new ledger account.

Interest calculation on outstanding balance is allowed for any ledger account. You simply specify the interest rate and style of calculation.

Nothing is required to be done for interest during voucher entry.

For New Ledgers

Gateway of Tally.ERP Ø Accounts Info Ø Ledger Ø Create

On the Ledger creation mode activate the interest calculation option and specify the style of calculation.

Gamma foam polyurethan

gamma-russia.com

Spray Foam polyurethan machine Pour

Foam polyurethan machine

Ads by Google Tally 9 Tally Software Tally ERP Inventory Reports

WasonTechnology Co.,Ltdwww.wason-tech.com

Multi-componentdispenser provider.Dispensing robots and

China-Pu FoamMachinewww.eachsun.com

Cost-Effective Pu FoamMachine Slabstockfoaming plant

Learn Tally.ERP 9at Homewww.TallyErp9Book.Com

Best Place to Learn &Implement Tally.Erp 9 atYour Home & Business

QuickBooksOnlinequickbooksonline.in

Must Have Tool forBusiness Owners. AccessAnywhere. Try it forFree!

Tally AccountingSoftwarewww.Quikr.com

Multiple Positions OpenIn Your Desired Field.Apply Now. Free!

Ads by Google

Tally Accounting Software

Tax Calculation Software

Interest Calculation

Tally.ERP 9 : Interest Calculation of Accounting & Inventory Vouchers Creation, Modification, Deletion... http://www.tallyerp9book.com/Pages/Web-Page/Home-TallyERP9Book/Vouchers/Interest-Calculation...

2 of 6 15/02/2013 11:25 PM

Image-2

There are Four Options :

30-day month1.

365-day year2.

Calendar month3.

Calendar year4.

Select the one, which is applicable to you, and accept the screen.

You are now ready to view the amount of interest that could be charged by the bank.

Company Information @

Tally.ERP9

Introduction @ Tally.ERP 9

Tally.ERP 9 Start-Up

Tally.ERP 9 Screen Components

Mouse / Keyboard Conventions

Quitting Tally.ERP 9

Creating a New Companay

Opening (Loading ) of Tally.ERP 9

Modification of Company

Deletion of Company

Company Selection

Group & Ledger

• Introduction

1. THE GROUP

2. THE LEDGER

3. VOUCHERS TYPES

Advanced Inventory / Stock

Meaning

Order Processing

Re-Order Levels

Tracking Numbers

Batch-wise Details

Additional Cost Details

Bill of Materials (BOM)

Price Lists and Price Levels

Stock Valuation

Zero Valued Entries

Inventory Ageing Report

Actual and Billed Quantities

Advanced Usage of Vouchers

Maintain Bill-wise Details

Cost Center and Cost Category

Interest Calculation

Reversing Journals

Get New Customers Online

www.Google.com/AdWords

Advertise On Google. Get 2000 INR Advertising Credit When You Sign-Up

Ads by Google

Tally Accounts Package

Tally ERP

Inventory Reports

Tally.ERP 9 : Interest Calculation of Accounting & Inventory Vouchers Creation, Modification, Deletion... http://www.tallyerp9book.com/Pages/Web-Page/Home-TallyERP9Book/Vouchers/Interest-Calculation...

3 of 6 15/02/2013 11:25 PM

Post-Dated Voucher

Memo (Memorandum) Voucher

Optional Voucher

Using Tracking Number

Tally.ERP9 Report

Unit Objectives1.

Modifying Reports (Options)2.

Balance Sheet3.

Profit & Loss Account4.

Stock Summary5.

Trial Balance6.

Day Book7.

Books of Accounts8.

Statement of Accounts9.

Inventory Books10.

Statutory Reports11.

List of Accounts ( Chart of

Accounts)

12.

Exception Reports13.

Printing Reports14.

Tally.ERP9 MIS and Other Reports

Receivable and Payable

Statement Report

Ageing Report

Godown wise Stock Report

Movement Analysis

Transaction wise Profitability

Analysis

Stock Summery

Bank Reconciliation

Stock Category wise Report

Statutory & Taxation

VAT ( Value Added Tax )

CST ( Central Sales Tax )-Inter State

Sales

Exempted Sales

Sale of ‘VAT on MRP’ Goods

TDS ( Tax Deducted at Source)

TCS ( Tax Collected at Source)

Excise for Dealer

Service Tax

FBT ( Frienge Benefit Tax )

Tally.ERP 9 : Interest Calculation of Accounting & Inventory Vouchers Creation, Modification, Deletion... http://www.tallyerp9book.com/Pages/Web-Page/Home-TallyERP9Book/Vouchers/Interest-Calculation...

4 of 6 15/02/2013 11:25 PM

Utilities & Others @ Tally.ERP9

Back Up / Restore

Split Company Data

Tally.ERP 9 Vault

Exporting Master Data

Importing Data

Consolidation of Accounts

Password or Security Control

Enabling Cheque Printing

Credit Limits

Bills of Materials (BOM)

Re-Order Levels and Re-Order

Quantity

Price Levels or Price List

Interest Calculations

Voucher Classes & Voucher Types

(Creations)

Point of Sale ( POS Invoicing )

Knowledge Base @ Tally.ERP9

Stock Items

Stock Groups

Inventory Masters

Inventory Vouchers

Inventory Report Statements

Balance Sheet

Accounting Reports

Accounting Vouchers

Interest Calculation

VAT-Value Added Tax

Service Tax

TDS (Tax Deducted at Source)

GETTING STARTED @ Tally.ERP 9: QUESTIONS BASE @ Tally.ERP 9 : REPORT GENERATES @ Tally.ERP 9 : TIPS & TRICKS @ Tally.ERP 9 :

1 > with Tally.ERP 9 1 > Point of Sale (POS) 1 > Financial Statement Report 1 > Tips & Tricks @ Tally.ERP 9

2 > TDS ( Tax Deducted at Source) 2 > Central Sales Tax (CST) 2 > Accounts Book & Register Report 2 > FAQ's @ Tally.ERP 9

3 > Banking 3 > Value Added Tax (VAT) 3 > Stock Register / Reports 3 > Short Cut Keys @ Tally.ERP 9

4 > ER-1E-Return 4 > Service Tax 4 > Job Costing Reports 4 > Tips-Weekly Refresher @ Tally.ERP9

5 > Income Tax 5 > Pay Roll 5 > Pay Roll Register Reports

6 > Job Work 6 > Job Costing 6 > Point of Sale Register Reports

7 > SMS 7 > Excise - Dealer

8 > Excise - Manufacturer

Tally.ERP 9 : Interest Calculation of Accounting & Inventory Vouchers Creation, Modification, Deletion... http://www.tallyerp9book.com/Pages/Web-Page/Home-TallyERP9Book/Vouchers/Interest-Calculation...

5 of 6 15/02/2013 11:25 PM

1

9 > Technology / Utilities

SWAYAM EDUCATION

Mandal Bagicha, Hemkapada,

Sunhat, Balasore-756002 ( Odisha )-India

eMail ID : tallyerp9book@gmail.com

Web : www.tallyerp9book.com

Mob : 09437264738

Get Updated ...

Recommend this on Google

Website Designed, Hosted, Owned by : www.BalasoreCity.Com

Tally.ERP 9 : Interest Calculation of Accounting & Inventory Vouchers Creation, Modification, Deletion... http://www.tallyerp9book.com/Pages/Web-Page/Home-TallyERP9Book/Vouchers/Interest-Calculation...

6 of 6 15/02/2013 11:25 PM