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Global interest rates provide a convenient way for interest rates to be changed in the system according to the specified date span. These automatically compound annually.

Adding Global Interest Rates

  1. Click Settings >Financial Settings > Global Interest Rates
  2. Specify the interest rate percentage that is allowed for the specified time frame.
  3. Enter the From: and To: parameters
  4. Click Add.

Apply Global Interest to Accounts

  1. If a judgment is passed that allows for global interest rates to be applied, go the Financials > Settings / Judgment sub-tab of the account.
  2. Under the Judgment Details heading, put a check in the checkbox next to Use Global Interest Rate(s).
  3. Click Save Changes.

 

 

See anything missing or out of date on this page? Please contact Simplicity Support at helpdesk@simplicitycollect.com.