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Creditors setup for interest

Setup the various Creditors for interest

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Search for the Creditor that you want to setup

Edit the Creditor and go to Acct Details tab, click on Interest button

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Activate Interest Click on Activate Interest on this Creditor to run interest on
Minimum Amount Specify a minimum amount that interest should start charging on
Period Specify a period great than Current in order for interest to be calculated
Interest Rate Enter a value for the interest rate