Tally Prime - Complete Accounting with Tally > Interest Calculation

Bank Overdraft Interest Calculation in Tally Prime

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Interest is a legal return on investment that can be charged on loans and late payments in the business world. Simple or compound interest can be used to compute interest.

A bank OD account is a bank's current account. An over draught account occurs when a consumer draws more than his available balance. Not every current account is in overdraft. However, a draught account is a current account all over.

The company can make the journal entry by debiting the cash account and crediting the overdraft loan account when it starts using the bank overdraft (e.g. taking money from the overdraft loan).

By pressing F11 on the keyboard, you may get to the Tally Features Screen from the Tally Gateway. Enable the option to initiate interest calculation by typing 'Yes' in the company feature screen, as well as the option to keep bill-by-bill details: to the affirmative It's critical to have a plan. For a simple interest computation, set advanced parameters to No.

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good

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nice

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superb learning skill

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Best Online Courses available here 😊 Thank you so much 🙏

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Vaibhav Damodar Khot
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Dear Team, Please have videos that shows the updates in tally Prime. Now it's Tally Prime 6 is going on. So, if I refer your course, all get confused. Also please change ITC adjustment rule 2019.

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Very nice

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It's Just Amazing Platform.

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  1. Introduction to Tally Prime
    7m 7s

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  1. Understanding Masters in Gateway of Tally Prime
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  3. Career as Data Entry Operator
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  1. Cost Centre and Cost Category in Tally Prime
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    14m 10s
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    3m 13s

  1. Simple Interest Calculation in Tally Prime
    27m 50s
  2. Bank Overdraft Interest Calculation in Tally Prime
    17m 16s
  3. Compound Interest Calculation in Tally Prime
    14m 28s
  4. Assignment of Interest
    3m 26s

  1. Introduction to Procurement Process
    15m 27s
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    17m 50s
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    2m 36s

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    17m
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    13m 47s
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    2m 31s

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    15m 20s
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    4m 22s

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    5m 13s
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    1m 55s

  1. Manage Buying and Selling Prices in TallyPrime
    17m 45s
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    2m 10s

  1. What is Multi - Currency
    8m 16s
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    15m 51s
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    3m 13s

  1. Sales Promotion Scheme in Tally Prime
    19m 45s
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    14m 41s
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    2m 56s

  1. Record Sale of Mixed Supply in Tally Prime
    22m 40s
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    16m 4s
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    3m 18s
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    3m 52s

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    18m
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  1. Versions of Tally
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  1. Course Summary
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  1. Interview Questions
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  1. Career Guideline
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