Funds that loan monies to a fiance client/ borrower will charge interest on the loan and this is calculated for a chosen date range and a list of finance clients and the interest to be charged by the fund displayed. The interest accrued can be posted to the balance sheet, P&L and the Loan ledger for the fund.
- To open the Interest Charged window select from the Main Menu {Syndicates}>{Interests}>{Interest Charged}
Interest Accrued Tab
- Select the syndicate/fund from the available funds.
- Select the applicable date range to calculate the interest charged on a daily rest basis.
- Click [Calculate] to calculate the interest charged in the period selected.
- Click to post the Interest Charged Journal for the fund. [Yes]/[No] prompt and message to select.
- List of finance clients for the fund.
0 Comments
Add your comment