The Income Statement/Balance Sheet Detail Report shows various activities, and one of the key transactions is the interest. This article will define the interest components included in the report.
Accrued Interest Beginning
Represents opening balance as of the reporting date
Accrued Interest Added
Represents the interest that has been added to the opening balance
Accrued Interest Activity
Represents the delta between current and prior period interest balance
Accrued Interest Removed
Represents the amount of interest reduced during the period
Accrued Interest Ending
Represents the ending balance for the selected period and is calculated based on the Remaining Liability multiplied by the Discount Rate, divided by "Number of Days" or "Number of Months" (depending on whether the accrued interest is being calculated daily or monthly)