Creditors setup for interest

Setup the various Creditors for interest 

 

 Search for the Creditor that you want to setup 

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

 

 

 

 

 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