Apply Payments Option

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When a partial payment is made after interest has accrued for an amount due for a tax jurisdiction not using a compounding method, Instant Interest asks you whether to apply the payments first to accumulated interest or to outstanding taxes due.

 

 applypmt

 

The three buttons functions as follows:

 

   Tax       -        Applies payments to accumulated interest first.

   Interest -        Applies payments to outstanding taxes first.

   Cancel  -        Abandons the calculation and returns you to the appropriate data entry panel.

 

Select the appropriate option by clicking on the corresponding command button.