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 |