Interest Calculation (Part 2)

इसमें हम दो चीजों पर Interest Calculate कर सकते हैं।

1. Loan लेने पर।

2. Purchase के Payment समय पर नहीं करने पर।

Step 1

Company Creation

Maintain A/c Only  :Yes

Activate Interest Calculation :Yes

Step 2

Ledger Creation

GOT > Create > Ledger

1. SBI Loan A/c

Under : Loan Liability

Activate Interest Calculation :Yes

Rate :10%

Calendar Year : On Balance

2. SBI Bank A/c

Under: Bank Accounts

3. SC  A/c

Under : Mr.SC A/c

Activate Interest Calculation : Yes

Rate : 10%

Calendar Year : All Balance

4. Purchase A/c

Under: Purchase Account

5. Interest Payable A/c

Under : Indirect Expenses

Step 3

GOT > Alter>Voucher Type> Credit Note> ^End

Name Of Class> Interest Payable

Use Class For Interest Accounting : Yes

^A (Save)

Step 4

Loan लेने की Entry

GOT > Voucher > F6 (Receipt)

Cr. SBI Loan A/c 1,00,000.00

Dr. SBI Bank A/c 1,00,000.00

Step 5

Interest Calculation

GOT > Display >Account Book >Ledger >Loan >^H(Change View)

Interest Calculation :

 F2> From: 1 April To 1 May

जितना भी Interest  होगा यहां Show करेगा।

Step 6

## GOT> Voucher> Alt + F6 (Credit Note)

Name : Credit Note

Class : Interest Payable

F2 (Date Change) : 1 May

Cr. SBI Loan A/c                    821.92

Dr. Interest Payable A/c        821.92

Note : Interest Amt 821.92 Automatic आएगा। Credit Note की Entry करने से यह Books में Add

हो जाता है।

Step 7

GOT > Display >Account Book >Ledger > SBI Loan > ^H(Change View)

Interest Calculation : F2> From:1 April To 1 May

यहां  पर Interest  Show नहीं करेगा।

Step 8

Purchase Payment Interest

GOT > Voucher > F9 (Purchase)

F2 Date : 1 April

Party A/c Name : Mr.SC A/c

Purchase A/c 10,000/-

^A(Save)

## Interest Calculation

GOT > Display >Account Book >Ledger > Mr.SC A/c > ^H(Change View)

Interest Calculation : F2> From: 1 April  To :1 May

यहां पर 30 Days का Interest 82.19 बताएगा।

अब Credit Note की Entry से Book में Add हो जाएगा ।

GOT > Vouchers > Alt +F6 (Credit Note)> F2 : 1 May

Cr. Mr.SC A/c    82.19

Dr. Interest Payable A/c   82.19

Step 9

Detail Check

GOT>Display > A/c Books >Ledger > Mr. SC A/c

^H> Interest Calculation

F2: From: 1 April to 1 May

यहां  पर Interest Amount Show नहीं करेगा।

English Blog

Interest Calculation (Part 2)

In this feature, you can calculate interest on two types of transactions:

1. On Loans taken

2. On delayed Purchase Payments

✅ Step 1: Company Creation

• Create a company.

• Set:
  Maintain Accounts Only: Yes
  Activate Interest Calculation: Yes

✅ Step 2: Ledger Creation

Go to:
Gateway of Tally (GOT) → Create → Ledger

1. SBI Loan A/c

Under: Loan Liability

Activate Interest Calculation: Yes

Rate: 10%

Calculation Method: On Balance

Style: Calendar Year

2. SBI Bank A/c

Under: Bank Accounts

3. SC A/c

Under: Sundry Creditors (Mr. SC A/c)

Activate Interest Calculation: Yes

Rate: 10%

Calculation Method: All Balances

Style: Calendar Year

4. Purchase A/c

Under: Purchase Accounts Indirect Expenses

5. Interest Payable A/c

Under: Indirect Expenses

✅ Step 3: Create Credit Note Class

Go to:
GOT → Alter → Voucher Type → Credit Note → Press Ctrl + End

Name of Class: Interest Payable

Use Class for Interest Accounting: Yes

Press Ctrl + A to Save

✅ Step 4: Loan Receipt Entry

Go to:
GOT → Voucher → F6 (Receipt)

Credit: SBI Loan A/c – ₹1,00,000

Debit: SBI Bank A/c – ₹1,00,000

✅ Step 5: Check Interest Calculation

Go to:
GOT → Display → Account Books → Ledger → SBI Loan A/c → Press F12 (Change View)

Go to: Interest Calculation

Press F2 to set Period: From 1st April to 1st May

It will display the Interest amount (e.g., ₹821.92)

✅ Step 6: Record Interest via Credit Note

Go to:
GOT → Voucher → Alt + F6 (Credit Note)

Date: 1st May

Class: Interest Payable

Credit: SBI Loan A/c – ₹821.92

Debit: Interest Payable A/c – ₹821.92

Note: The interest amount ₹821.92 will come automatically.
Once the entry is saved, it gets added to the books.

✅ Step 7: Recheck Interest in Loan Ledger

Go to:
GOT → Display → Account Book → Ledger → SBI Loan A/c → F12 (Change View)

Period: From 1st April to 1st May

Now, interest will not be shown again – because it’s already accounted for.

✅ Step 8: Interest on Delayed Purchase Payment

Go to:
GOT → Voucher → F9 (Purchase)

Date: 1st April

Party A/c: Mr. SC A/c

Purchase A/c: ₹10,000

Press Ctrl + A to Save

? Check Interest:

Go to:
GOT → Display → Account Books → Ledger → Mr. SC A/c → F12 (Change View)

• Set period: 1st April to 1st May

• It will show 30 days interest = ₹82.19

? Record Interest Entry (Credit Note):

Go to:
GOT → Vouchers → Alt + F6 (Credit Note)

Date: 1st May

Credit: Mr. SC A/c – ₹82.19

Debit: Interest Payable A/c – ₹82.19

✅ Step 9: Final Check

Go to:
GOT → Display → Account Books → Ledger → Mr. SC A/c → F12 (Change View)

• Set period: 1st April to 1st May

Now, the interest will not be shown again, as it has already been recorded.