Select the Account to update.

Account

The account number displayed is the only one that can be changed via this wizard. If a different account needs to be changed, cancel the wizard, change the account and go back into the wizard.

Date

Enter a date; this can be typed in manually or use the arrow which will take you into a calendar to select a date.

Reference

Type in a "Reference" if necessary.

Type

Select from the drop down list, Not Applicable, Utilisation or Custom.

• Not Applicable, means that you will not be using this type of Interest.
• Utilisation is typically used for Revolving Credit type loans and is calculated as the difference between the Credit Limit and the Daily balance multiplied by the Interest Rate.
• Custom is usually used when calculating Interest via a Script.

Rate

Enter the new Interest Rate.

Create Log?

Tick the box to create a log.

Click Next if "Create Log" is ticked, or Finish if not.