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## Interest |

Interest can be calculated over a certain period for a range of general ledger accounts.

For example a Current Account or a Loan.

During a period there a changes to the balance of an account that can make it difficult to calculate the interest.

Selection

A range of general ledger accounts and the period can be entered.

The interest can be calculated with an interest percentage for that period.

There are different calculation methods: 365/365, 360/360, 365/360 and 360/365.

The first number

The first number in the method is used for the calculation of the number of days between balance changes.

365 means that the actual number of days is used. 360 means that the calculation is based on 30 days in a month.

The second number

The second number indicates the number of days in a year.

365 means that the actual number of days in a year is used to calculate the interest per day, 365 or 366.

360 means that the total amount is divided by 360 to calculate the interest per day.

Proposal

A list of all amounts calculated, will be shown.

For every line can be set if it has to be printed and booked.

A calculation report explaining the amounts can be printed with the Print button.

Book

The daybook and the general ledgers to book the amounts can be set in this window.

The option "Add amount to main sum" can be used to add the amount to the initial loan.

It is also possible to book it on a different account.