Interest in Favor

Interest in Favor

The nature of the operation Interest in Favor is increase in banks. It is used to register the interest generated by the balances in the company's bank accounts, depending on the type of account. 
The actions that can be performed are to enter, modify and delete interest in favor. You can print the interest in favor by pressing the Print button. In addition, you can print by clicking on the Print Receipt and Print (Blank Sheet) buttons. 

Register Interest in Favor

To register the Interest in Favor, perform the following steps: 
Go to: Administration (Back Office) → Banking → Banking Operations. To register the interest in favor, click on the Insert icon in the Banking Operations section. Enter the information corresponding to the Interest in Favor in the Register Banking Operation section. Press the Add button or the Ignore button to delete the information entered and return to the initial Banking Operations screen. Enter the details of the interest credit entry in the Register Accounting Entry of the Direct Transactions in Banks ### section with the corresponding information in the following fields: 
Field
Description
Accounting Account *
Select the accounting accounts to be affected both in debit and credit. You can indicate the number or name of the account or display the list box. 
Business Unit ID
Novohit can be implemented for corporations with branches (several business units) or one company. 
This field will be enabled only if there is more than one business unit, allowing the indicated income statement accounts to be assigned to the corresponding business unit. 
If a balance sheet account (assets, liabilities, equity) will assume the business unit by default (it will not be enabled). 
Amoun *
Enter the amount of the accounting entry to be registered. 
Debit *
Automatically shows the check box activated indicating that the detail is a debit. If the detail is a credit, click on the check box to deactivate it. 
Concept
Brief description of the debt in this transaction being registered. 
Press the Add button or the Ignore button to delete the information entered. 

* Mandatory Fields
Only if the entry is balanced (total of debits and credits columns are equal) it can be authorized and subsequently updated. 
The entry of bank transaction or transactions is allowed if the accounting entry of the day of registration is not generated. 

Modify Interest in Favor

The interest in favor can be modified from both the header and the details of the accounting entries at the moment of the entry is being made and later before it is printed. 
To make modifications at the moment of the credit interest entry: 
Header: Edit or modify the corresponding field in the Register Banking Operations section and then press the Save button.
Details: click on the Edit icon of the detail you wish to modify and then press the Save button.
To modify an interest in favor at a later date (only in register status): 
Go to Administration (Back Office) → Banking → Banking Operations.
Locate the beneficial interest to be modified through a search in the Search Banking Operation section or directly in the Banking Operations section. 
Click on the Edit icon of the beneficial interest to which changes will be made in the Banking Operations section: 
Header: Edit or modify the corresponding field in the Register Banking Operations section and then press the Save button.
Details: click on the Edit icon of the detail you wish to modify and then press the Save button.

Delete Interest in Favor

The interest in favor can be deleted at the moment of the deposit and after the deposit. 
To delete or eliminate a credit interest at the moment of the deposit: 
Press the Delete button. 
Confirm the deletion of the credit interest by pressing the Ok button and you will return to the initial Banking Operations screen. 
You can cancel the deletion of the entry by clicking on the Cancel button. 
If you need to delete a registered Journal Entry Detail: 
In the Accounting Entry of Transactions Registered in Banks section select the detail by clicking on the Edit icon. 
Press the Delete button in the Accounting Entry Register of the Direct Transactions in Banks ###.
You can cancel the deletion of the detail by pressing the Ignore button.


To remove or delete a beneficial interest at a later date (must be in Register Status):
Go to Administration (Back Office) → Banking → Banking Operations.
Locate the interest in favor to be modified through a search in the Search Banking Operation section or directly in the Banking Operations section.
Press the Delete button.
Confirm the deletion of the credit interest by pressing the Ok button and you will return to the initial screen of the Banking Operations.
Pressing the Cancel button will cancel the deletion of the credit interest and you will return to Banking Operations. 


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