Interest Billing – Company Setup

This will be the base interest setup for all your projects that you want to do interest billings for, they can also be changed on a per loan basis if needed

Navigate to Setups > Companies > Accounting tab > Interest Rates tab > Filling For tab

Here is where you setup your company defaults for When to Bill Interest, How to Calculate, Late fee calculation, and the Grace period, if any

You will be able to fill out the Interest Rate on a per loan basis