AcctType

Your description of the account type. This should convey some basic details of the type.

Here you set the Interest Charging frequency for accounts of this Type.

 

 

This field is set to the date of the month when interest should be charged.

The allowable range is 1 through 31 where 31 signifies Last Working Day of the month. If the day set is more than the number of days in a particular month, then the charge will be applied on the last day.

 

A special value of   55   will cause interest to be charged differently for each account, and will use the anniversary of the date the account opened.

 

Where you want to apply a regular monthly accounting fee to accounts within this type, here you set the amount of the fee, For the frequency of the fee, set to Monthly make it active, or None to de-activate it.  

 

You may also set the Day of the Month that the fee should be applied.