Help Desk 1300 361 732 | Sales 1800 796 722

SYM-PAC how to : Use Batch Interest Update to calculate Debtor Interest Charges

Easily calculate Interest Charges for Debtors with monies owing

How to use SYM-PAC’s Batch Interest Update feature to calculate Debtor Interest Charges


Use the Batch Interest Update feature to Calculate interest charges for Debtors with monies owing in Selected Financial Periods and to access Program, Customer, Debtors, Interest Calculation settings.


> Batch Interest Option Menu


> Account Option Settings Menu

This is accessed within Debtor Alter Menu.


> Batch Interest Options


1: Interest

  • Set % to be Calculated on amount owing

2: Processing Date

  • Set to Previous End of Month Date for Interest to be Calculated as at Selected Date

3: first > Charge Type Options

  • Flagged Debtors Only
  • All Debtors

3: second > Report Type Options

  • Report Only
  • Update Charging Fee
  • Prompt for Each Debtor

4: Overall Charges

  • Minimum Interest Charge, Select Minimum $ Amount if Required
  • Account Fee, Select Dollar Amount if Account Fee Required
  • Add Fee to Interest, select if Fee is to be added to Interest Calculated
  • Statement Print Fee, select $ Amount to be Charged for Statements that are Posted to Customers
  • Add Statement Print Fee to Interest, select if Print Fee is to be added to interest

5: Interest to Be Calculated

  • Select to Flag Debtors, use this Option for Running Interest Calculation for Flagged Debtors

> Interest Calculation Reports

Report Showing Amount to be Charged:


Report Showing Amount Charged:



Give it a go today!


For more information on setting up the options for the Discount Matrix in your SYM-PAC system, contact Client Services on 1300 361 732.



:: How to

Customise your Customer Search

The customer search window can now be customised to enable a...

POS Scanning Box Barcodes

Sympac's POS now allows you to easily scan box barcodes by...

Improved Document Reprinting Interface

The POS reprint screen has been rebuilt to provide a faster...

Quick Tendering

Looking for an easier way to speed up tendering processes? We've...

Label Que Maintenance Filtering

We've added more column and price filtering options to benefit...

Customer Statement Options

The customer statement process has been extended to allow for...