A Interest Calculation message stating that there is a “Missing Interest Rate for (Date)” indicates that there is a missing interest rate for this date/ bank within the Interest Tables. To add an entry, follow the steps below:
Enter the Interest Maintenance Program.
Select the relevant account from the Interest Rate for Bank A/C drop down.
Select New .
Enter the relevant date in the Change Date field and complete the amount limits and subsequent interest rate fields. This will ensure that the correct rate is applied on each balance.
Save and Exit the program.
Note:
The interest dates should cover the date range from the earliest date of any client posting. This can be checked by using Posting Enquires , selecting type BRC then changing the sort order by selecting the date column to get the earliest at the top of the display.