Who is this guide for?

Accounts Users and Accounts Supervisors

This report allows you to calculate interest due to all clients according to the filters you have specified. It does not post the interest on the accounts, but just lists the interest due for each transaction on each client’s ledger (along with a total due at the end). You will first need to have set up your interest bands and rates in Supervisor, Financial Setup, Interest Rates/Bands.

Filter options

Work Type – Tick this box if you want to show only one or a selection of work types. Once the box is ticked all work types marked as In Use will appear. You can then tick each one that you want to report on. If you want to see all work types, do not tick the work types box and it will produce all work types.

Fee Earner – Choose the fee earner whose clients you want to calculate interest for.

Limit – Enter the minimum interest amount to calculate. For example if £10 is entered here, only matters where the interest held is greater than £10 will be shown.

Currency – select the currency you wish to report on.

Date Filters – Enter the start and end dates that you wish to calculate interest for.

List of columns produced

For each client and matter:

Date From

Interest Detail

Number of Days Monies Held

Balance Held

Interest Rate

Interest Amount

Running total of Interest Held