Interest Earned to Borrower Setup

Guide Steps

Navigate to Setups > Companies > Accounting tab > Interest Rates tab > Earned tab

Can change the default code to use to pay the interest earned, enter in the Company Default Interest Rate % (leave blank if you want to fill it in at time of completing the transaction on a loan), Use the State minimum instead of the default, and can used a fixed balance instead of the dollar value decreasing over time.


Guide Screenshot Reference