How to interest posting for the Gold Loan Account: Follow these steps in the software
Gold loan account information
Step 1: Admin > Interest > Interest Calcaualtion
Step 2: Select the A/C Type Gold Loans
Step 3,4: Select the date for which you want to calculate the interest, from date to date
Step 5: Click on the calculate button. Then your calculation will be done
Step 6: After your calculation is done, click on the Show button
Step 7: Then check the Calculation and post
Step 8: How to check after the interest is posted in the software
Step 09: Select the date the interest Calculation was posted.
Step 10:Enter the voucher number on which the interest Calculation took place.
Step 11: Click on the Show button, and the entry will then open.
Step 12,13: This entry will debit the Gold Loans account and credit it to the general ledger gold loan interest accounts
