Interest profiles are used to organize all your agency’s interest policies, or rules on how interest is applied. With an interest profile, you may group and describe a collection of policies, or just one policy.
After setting up interest profiles, you can then identify the general ledger revenue accounts to which you post interest received from developments that use a specific account type/transaction type combination. Each interest charge that matches a given transaction, development, and account type will post to the revenue account you identify.
Setting Up Interest for Accounts
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