How do I configure interest calculation in BUSY?

To configure interest rate in each party master can follow these steps:
Step 1: Open BUSY and select the company you want to work with. Then, go to the Administration tab and click on configuration.
Step 2: Under Configurations, select Features / Options and then click on the Accounts tab. Here, you will find the Account wise Interest Rate option. Just click on the checkbox to turn it on.
Step 3: Go back to the Administration tab and click on Masters.
Step 4: Select Account and click on Modify. Choose the account in which you want to mention interest rate. Here you can mention Interest Rate (Receivable / Payable)
If you want to calculate the interest on overdue invoices and bills, you can follow these steps:
Step 1: Go to the Display tab and click on Interest Calculation.
Step 2: Choose one of the available options, such as Product Basis, Mahajani, Bills Receivable / Payable & Bank Interest.
Step 3: Open the report with the selected option and can chooe One Account / Group of Accounts / Selected Accounts after that you can enter a specific date range and open the report.
Step 4: View the interest calculation based on the criteria you have entered.
Step 5: If you want to post an Interest Voucher, press F4 on the report.