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Former Member
Apr 20, 2010 at 08:50 AM

Automatic Interest Calculation

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Hi Experts,

I have a request for automatic interest calculation on loans that was granted by the company to debtors.

They need to add interest to a loan on the last day of each month.

At the moment they add the interest manually via journal entries. Is there a way where the interest could be added automatically on the last day of each month?

Thank you.

Regards