Malawi | How Do I Add The Official Interest Rate For The Loan Fringe Benefit Calculation?

Users are able to maintain the official interest rate used in the Loan Fringe Benefit calculation for low/no interest loans, on the Company Custom Forms screen. Navigate via Config > Basic Settings > General Company > Custom Forms.

Select the + button to capture the Official Interest Rate, to be used in the Fringe Benefit calculation on low/no interest loans. If the company provides employees with low/no interest loans, these fields must be captured to ensure that the Fringe Benefit for loans calculation is correct.

      

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