Bank Interest calculation on CC a/c

[Former Member]

Hi All

Plz tell me how to configure for checking the interest calculated by the bank on cash credit a/c ? Int is calculated whn the limit sanctioned by the bank is crossed e.g 5% is calculated till withdrawal of 500000 and above that if any amt is withdrawn the int is charged @ 10%

[Former Member]

hi

Can any one give me some answer?

[former_member193516]

U want to do the posting once the bank charges u with interests? Should be coming on ur bank statement and posting made then.

Reg

Hein

[Former Member]

No , I just want to cross check the calculation of interest done by the bank . No postings need to be done .