General Information Tab Select a community in the context bar Tasks Add Interest on Deposit
This task is used to add interest on deposits for some or all active households of the community selected in context.
The task will only list households that currently live in the community. The list of households can be filtered further based on a view drop down list. Select to View All households, all households with a selected Recertification Month, or all households with a selected Move-in Month. The task is only available when a community is selected in context. If you have <All Authorized Communities> selected in context, the task will not be visible. The task includes a Print Options step with the associated ”Add Interest on Deposit” document group and merge fields.
There must be a deposit on hand (paid).
The Accrue Interest Indicator needs to be set on all Deposit Charge Types that you wish to accrue interest on. Set this indicator at System Administration > Accounting Setup > Charge Type Setup and customize it for each community/funding program group at Accounting Detail > Account Maintenance.
Accounting Detail General Information Tab Select a community in the context bar Tasks Add Interest on Deposit
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Community Detail 
Accounting Tab Tasks Add Interest on Deposit
Accrue Through Date: Enter the ending date for the period of time that interest is to be accrued for. This will also be the effective date of the events that are created from this task.
Enter the Interest Rate as a percentage.
Enter Zero (0) for the Interest Rate to accrue no interest for the specified period of time for each household and mark the accrual period as evaluated (accrual period won’t be considered again when the next period is accrued for).
You will receive the popup message "One or more entries with zero interest were found. Do you want to proceed and record no interest for this period for these entries?", click Yes to continue.
After entering the Interest Rate click the Refresh button to display all households who will have interest accrued.
There will be an indicator for each row that has an invalid accrual date range.
The Accrue From Date for each row will default to one day after the last Accrue Through Date or to the first date of the deposit if interest hasn't been accrued for before in Property Manager.
Use the Select All and Deselect All Links if you do not want to accrue interest for all active households in the community.
Use the View drop down list to Show All Households, only Households where it is currently their Recertification Month, or only households where it is currently their Move-in Month.
The Interest column will pre-fill with the Interest based on the calculation.
This amount can be manually changed.
Note: You may enter a note of explanation. This field is optional.
When Property Manager calculates the interest for you, select to append the individual interest calculation detail to the note. In this way, a user can look at an event in Event History and see how the interest was calculated.
Click Next.
Select any available documents to print and click Finished.
You can also use the Select All and Deselect All links to help in making your selections.
Documents included in the "Add Interest on Deposits" Document Group (System Administration > Maintain Documents - Maintain Document Groups) will be included in the list of available documents.
The add interest on deposit event will appear in the Event History and the interest on deposit balance on hand in Open Items of each household you selected.