Assessing: calculating interest: deposits
To apply money on deposit enter your deposit details separately at the end of the calculation.
On COMPASS, select the money button (IHTM31190) and enter all the details of the deposit. Make sure you write the deposit number accurately so it is correctly identified, and the EDP (IHTM31211) so that the interest is charged correctly.
If you raise a calculation on the manual calculation template (IHTM31301), use the ‘Money applied from deposit’ section.
Applying a deposit will affect the interest charge (IHTM31513).