Assistance for the interest charges
In "Interest
charges" you can calculate the default interest charge for outstanding
accounts, unpaid invoices ect. Changing interest rates are supported.
This method of calculation is particularly suitable for the computation
of the interest, if a certain amount of money (demand) is owed during a
longer period and the interest rates change in the course of time.
The input
of the values for which the interest is calculated: The
values for which the interest is calculated, the pertinent beginning of
the interest charges and the end of the interest charges have to be
entered in the table "Return". In the column "Onset of interest" you
enter the date from which on interest has to be paid. In the column
"End of interest" you enter the date, when the interest charges are to
end. In the column "Sum" you enter the money that the interest is paid
on. If you want to enter further sums of money, repeat the steps
described above.
The input
table "Change interest rates": Click
on the column "Date" in the interest rate table and enter the date,
from which the interest rate is to apply. Afterwards, click on the
column "Interest" in the same line and enter the pertinent interest
rate. Click on "add new" to add a new interest rate.
Note: The
computation of the interest in the tables "Movements" and "Interest
rate change" is arranged automatically according to the date. If no
valid interest rate is available, the interest rate 0 is used. If there
are movements after the last interest rate, the last interest rate is
consulted automatically.
The option
"Day calculation - capitalization" : Click
on the register "Day calculation – capitalization".
Determine, through clicking on the appropriate options, whether the
year should have 360 days or be as long as a calendar year, and whether
the day calculation should be accomplished according to the calendar or
with 30 days per month.
Adjust
capitalization (When should the interest be added to the capital of the
current account?): By clicking the
appropriate options determine whether during the calculation of
interest the capitalization is to take place monthly, quarterly,
half-yearly, annually or at the end of the running time.
Calculate: Click
on "Calculate", in order to accomplish the calculation. The interest
days, the interest and the capital inclusive interest (gross capital)
are subject of the calculation.
