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author's profile photo Former Member
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Former Member

interest on OD account

Posted on Dec 02, 2007 at 07:55 AM 33 Views

hai,

Is it possible to calculate interest on Overdraft bank account. I know the option for Term Deposit. how to proceed for interest on OD account.

can i get any suggestion.

govind.

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  • author's profile photo Former Member
    Former Member
    Posted on Dec 02, 2007 at 11:31 AM
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    Yes you can very well do that by creating a balance interest indicator with respective Interest rate and mention the Interest Indicator in the GL account of the OD bank account. You can mention the INterest Indicator in the Create/Bank/Interest Tab of FS00.

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