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Managing interest on outstanding payments manually can be time-consuming and prone to errors. This TDL is designed to automatically calculate interest on overdue receivables and payables directly within Tally Prime. With this customization, businesses can define interest rates, calculation methods, and applicable periods. The system then automatically calculates interest based on the outstanding amount and delay in payment, ensuring accurate and real-time tracking. This TDL helps businesses maintain financial discipline by charging interest on delayed payments and tracking interest receivable or payable without manual intervention. It eliminates the need for external calculations and reduces the chances of errors. The solution integrates seamlessly with Tally Prime and works in the background during transactions and reporting. It is especially useful for businesses dealing with credit sales, lending, or delayed payment cycles. By automating interest calculation, businesses can improve cash flow management, maintain transparency with customers, and streamline financial operations.