The balance sheet interest method refers to the method that banks use the balance sheet to calculate the daily product and calculate the interest during the interest period after cumulative addition. This method is also applicable to demand deposits and loan accounts with constantly changing balances. The basic steps are as follows:

A. Fill in the balance sheet according to the final balance of each account on that day.

B, because the daily balance is a daily product (product = principal × 1 day), the balance of each day (including holidays) in the interest period adds up to a cumulative product.

C. On the interest settlement date, the accumulated product of this quarter multiplied by the daily interest rate is the accrued interest of this quarter. Ledger interest calculation

The form is basically the same as the current savings deposit.

The general ledger interest calculation method is to calculate interest directly on the second general ledger page, without special interest calculation tools or tables.