3.7 Online Interest Calculation

This topic describes the systematic instructions to perform online interest calculation.

The Online Interest Calculation screen allows users to view the interest accrued on a Single account or Multiple accounts, based on input details.

1. Click Corporate Account Enquiries and Corporate Account Enquiries. Under Corporate Account Enquiries, click Online Interest Calculation.
   The Online Interest Calculation page displays.

   Figure 3-48 Online Interest Calculation

   
   

   
   Description of "Figure 3-48 Online Interest Calculation"

   
   
2. On the Online Interest Calculation screen, specify the fields on the screen. For more information on fields, refer to the field description table.

   Table 3-26 Online Interest Calculation - Field Description

   Field	Description
   Account	Select the required account type. The options are: Single Multiple Note:The Account Number field displays only when user select the Single Account type.
   Customer Number	Select or specify the customer number for the enquiry. The list displays all active customers.
   Customer Name	Displays the customer name based on the customer number selected.
   Multi Currency Account	Toggle the switch to ON, to enable the feature to filter the multi currency account. Note:This field displays only when user select the Single Account type.
   Account Number	Specify or select the account number.
   Account Currency	Select the required currency from the drop-down list. Alternatively, type to narrow the listed items and select the required currency. Note:This field displays only when Multi-Currency Account is enabled.
   From Date	Specify the start date of the interest calculation.
   To Date	Specify the end date of the interest calculation.

3. Click .
   The system will calculate and display the interest amount for the selected accounts based on the From and To date range specified.

   Figure 3-49 Interest Calculation Details

   
   

   
   Description of "Figure 3-49 Interest Calculation Details"

   
   

   For more information on fields, refer to the field description table below:

   Table 3-27 Interest Calculation Details - Field Description

   Column	Description
   Account Number	Displays the account number.
   Currency	Displays the operating currency of the account.
   Product	Displays the product name.
   Formula Number	Displays the formula number.
   Tax	Displays whether tax is applicable.
   Debit Or Credit	Displays the type of transaction. The possible options: Debit Credit
   Amount	Displays the amount along with currency for the respective account.