• Go to Books > Interest Reports > Ledger Interest.

• The user will select 'Single Party'.

• The user will select a particular party whose interest needs to be charged.
• Suppose select 'Ahuja Medicine Traders' and press 'Enter' key.

The user will select the filters as per the requirement.

a. Days: The user will select the days in a year for interest calculation as per the requirement.

b. From: The user will mention from which date the interest needs to be calculated.

c. To: The user will enter till which date the interest needs to be calculated.

d. Opening Days On: If the user needs to include the first day on which bill was created in interest calculation, then select '1' otherwise select '2'.

e. Interest: The software will auto-pick the Interest Rate as mentioned in Party Ledger (If the user needs to change the rate, it can be changed as per the requirement).

• Suppose mention '24' and keep pressing 'Enter' key.

Note: The user can mention the Credit Days Limit and Interest Rate in Party Ledger.

• Press 'Esc' key.

• In 'Save in Accounts', the user will select 'Yes' and press 'Enter' key.

• In 'Date', the software will auto-pick the date that was mentioned to calculate interest and press 'Enter' key.

• The entry will get auto pass (as shown in below image) and keep pressing 'Enter' key.

• Click on 'Save' button.

After following the above steps, the user can view the interest for selected party will get charged in Marg ERP Software.