This option is used to raise interest on balances at the date on which it is run, on money due by selected Properties to the Trust Account.
It calculates the interest using the relevant interest rate as set up on the Maintenance - Property, for the whole of the Current (Cash Period) Month.
The interest is charged into the Cash Period in the books of the Agent and the Property. It is accrued as income to the Agent, and as an expense to the Property. It creates a Debtor in the books of the Agent, and a matching Creditor in the books of the Property.
This program produces an unposted Agent Fees to a Landlord, which can be reviewed and then posted, by means of the relevant screen.