Calculating Interest in Tally Prime 5.1 | Part-1 Detailed Process

Welcome to our channel! In this video, we dive into the basics of interest calculation using Tally Prime 5.1. Whether you're managing a party ledger, tracking ledger outstanding, or handling any loan amount with interest, we've got you covered. Learn how to automate these processes and make your financial management effortless.
This is the first part of our series. Stay tuned for Part 2, where we'll cover compound interest, interest payables, and introduce many exciting updates!
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💬 Topic Covered in this video:
1) Basic of Interest Calculation
2) Methods of Interest Calculation
3) Enable Interest Calculations
4) Simple & Advance Parameters
5) Create voucher class for Auto-Calculation for due entry
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