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Slide notes: Interest Calculation Runs are performed from the option at the Interest Linked Accounts menu.

 

 

 

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Slide notes: For Loans, the Interest Calculation is performed in the Loans Module. Here, we perform Interest Calculation only for GL, Creditors and Debtors Accounts.

 

 

 

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Slide notes: The Run Type will be for Ledger, Debtors or Creditors.

 

 

 

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Slide notes: We select the primary Period for the Interest Calculation.

 

 

 

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Slide notes: And we may select an appropriate Data Selector. The default object called 'linacs' is the usual one to use.

 

 

 

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Slide notes: The Selection Flag is what we use on the Linked Account Objects, and in our case, we use "C" for all Creditor Linked Accounts. Therefore we will now select "C".

 

 

 

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Slide notes: The system performs the Interest Calculations.

 

 

 

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Slide notes: When the run is complete, we are returned to the menu. Interest Runs may be repeated for the same Period, since the system will recognize where Interest has already been calculated and will not duplicate it. Therefore, there is no danger in selecting the same Accounts more than once in the same Period.