INTCAL Table Field Descriptions

Notes:

• Each row represents a billing period.

• Use as many rows in the table as there are outstanding billing periods for which interest must be calculated.  INTCAL allows a maximum of 12 rows.  For additional rows, use the INTCAL2 table.

• The formatting for the data is special, because this table is stored in a numeric format.

Column

Description

1

Due Date:  Enter the four-digit Due Date.

Example:  For Due Date 0203 (billing 2 in 2003), enter 203.00.

2

From Date:  Enter the calendar date for the Due Date.  The programs use this date to calculate the number of days within a period and in turn calculate the interest charge for a period.

Example:  For April 18, 2003, enter 200304.18

3

Rate:  Enter the annual rate used to calculate interest charges as a percentage.

Example:  For 18.75%, enter 18.75.

4

Interest Days in Year:  Enter the number of days within the year.  The programs use this to determine the interest amount per day, and then in turn the interest amount for a period.

Note:  Some municipalities enter fewer than 365 days to accommodate holidays on which no interest is charged.

Example:  For 360 days, enter 360.00.