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Instant Interest User's Manual > Forms > Apply Payments Option

Instant Interest for Windows

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.

applypmt.jpg

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.