You may generate transactions for those debtor accounts, which are overdue and have a percentage monthly interest entered in the Edit→Accounts→Debtor (Accounting Information tab) menu option.

If this option is initiated, TurboCASH will calculate the Interest and generate the transactions. Once the batch has been posted, the debtors accounts will be increased (debited) and the selected contra account (e.g. interest received - income account) will also be increased (credited).

To Generate Multiple Transactions for Interest on Overdue Debtor Accounts:

1. Click on the Batch Entry icon, or click on the Input→Batch Entry menu option.
   - Keyboard Access: Press the F2 key on your keyboard. Alternatively, press the Alt+I+B keys on your keyboard.
   The Batch Type Selection screen will be displayed.
2. Select the Batch Type (except Payment and Receipt Journals, which is linked to Bank Accounts).
3. Click on the Open button. The Batch Entry Transaction screen for the selected Batch Type is displayed:
   
   
4. Click on the F9: Process icon, or press the F9 key on your keyboard.
   The Process the batch options screen is displayed:
   
   
5. Select the Generate Multiple Transactions option, and click on the OK button. The Generate Multiple Transactions screen will be displayed.
6. Select the Interest on overdue debtors option, and the screen will change to reflect the options for this option:
   
   
7. Select and enter the following:
   1. Date for Transactions - Enter or select the date for which the transactions should be generated.
   2. Contra Account - Select the account to be credited with the generated transactions. This account should be an Income or Interest Received account.
   3. Description - Select the account to be credited with the generated transactions. This account should be an Income or Interest Received account.
   4. Number of days overdue - Enter the number of days the account is overdue. Note it is important that the correct number of days be entered here. TurboCASH will use this to calculate the Interest amount.
8. Click on the OK button. The Generate Multiple Transactions screen will automatically be closed and TurboCASH will calculate the Interest and transfer the calculated interest transactions for the Debtors which have a monthly interest percentage entered in the Edit→Accounts→Debtor (Accounting Information tab) menu option. The transactions will be imported into the selected batch. An example is as follows:
   
   
9. Check the transactions and, if necessary, change the descriptions, etc.
10. Click on the F5: Balance icon, or press the F5 key on your keyboard, to balance the batch.
11. Click on the F9: Process icon, or press the F9 key on your keyboard, to change the alias (batch name).
    - This will help you if you wish to identify a specific batch to generate a batch type report, or if you wish to export posted batches to a file.
    
    
12. Click on the F8: List icon, or press the F8 key on your keyboard, to list the batch.
    - It is a good idea to list the batch, and check the entries on the batch thoroughly. If there are any errors, you may edit the batch, before posting the batch.
    
    
13. Click on the F6: Post icon, or press the F6 key on your keyboard, to post the batch.

After posting the transaction, the T-Account View of the transactions should reflect as follows:

1. Debtors Ledger:
   
   The Debtor’s Account is debited with the interest amount, which the Debtor needs to pay.
2. Expenses (Contra Account}:
   
   The Contra Account (e.g. Interest Received - Income) is credited with the amount charged to the Debtor’s Account.

- Debits - Debtor’s Ledger = Credits - Contra Account (Income)