Basic Steps to Set Up and Calculate Interest

The basic steps to set up and calculate interest are:

1. (Optional) Define interest types at the SetID level.

   See Interest Types Page.

2. Establish period calculation factors at the SetID level.

3. Define interest calculations at the business unit level.

4. Identify projects and activities to include interest calculations.

5. Establish status-based interest calculation factors.

6. Accumulate transactions in the Project Transaction table (PROJ_RESOURCE).

7. Run the interest calculation process.