Interest settings

Interest settings

Day count settings

Each account type where interest is to be calculated must have a setting for which day convention to use when calculating the interest. To add a setting select account type in the drop-down menu.

Once the selection of an account type is made a new drop-down is visible where we can select day count. Click the button Add setting to add a new setting. 

You will receive two popup tickets, select yes and ok to create the new setting. The account type has now been added. 

Interest rate

Annual interest rates are defined per currency and account type. To add a setting select account type in the drop-down menu.

Once the selection of an account type is made a new drop-down is visible where we can select the currency. When we selected currency we will be able to select the rate
Click the button to add the new setting. 

You will receive two popup tickets, select yes and ok to create the new setting. The interest rate has now been added.