Instant Interest Manual – Apply Payments Option

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.

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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.